The typical asking rate per listing is in the $70's per square foot per year. The Tribeca region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 4% decrease in rent.
Compared to the rest of the New York City market, the Tribeca submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 79 listings have been posted online, so you'll want to check back regularly for new listings. About 13% of the listings in the Tribeca are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,340 sqft. Most properties in this market are close to 6 floors. Most buildings in this region were built in 1915 and are Class A.
This market is fairly equally mixed residential and commercial. Education is the dominant industry in this region. Most of the folk of Tribeca work from home. Commuting close to 15 minutes a day is the norm for those who opt to reside in this part of town.