On average, listings lease in the $60's per square foot per year. The Tribeca region is seeing a decline in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 3% decrease in rent.
Compared to the rest of the New York City market, the Tribeca submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 100 listings have been made available, so you'll want to check back regularly for new listings. About 15% of the office spaces in the Tribeca 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 on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,500 sqft. Most buildings in this region are close to 6 floors. Most buildings in this area were built in 1915 and are Class A.
This area is fairly equally mixed residential and commercial. Education is the dominant industry in this region. Most of the occupants of Tribeca work from home. Commuting around 15 minutes a day is the norm for those who opt to reside in this part of town.