On average, listings lease in the $80's per square foot per year. The Tudor City region is seeing a a rise in rates. In the last 3 months, the median rate went up $86 per sqft per year. That's a Inf% increase in rent.
Compared to the rest of the New York City market, the Tudor City submarket has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 1 listings have been made available, which means leases are probably going fast. You'll want to be prepared to make an offer immediately. 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 5,700 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are around 18 stories. Most buildings in this region were built in 1957 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Tudor City residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.