Compared to the rest of the New York City market, the Theater District region has higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 224 listings have come on the market, so you'll want to check back regularly for new listings. About 15% of the available leases in the Theater District are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 5,200 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are approximately 24 stories. Most buildings in this region were built in 1930 and are Class A.
Arts, entertainment, and restaurants are the dominant industries in this market. Most of the occupants of Theater District work from home. Commuting close to 10 minutes a day is the norm for those who opt to reside in this part of town.