Most listings are in the $80's per square foot per year. The Union Square region is going through a a rise in rates. In the last 3 months, the median rate went up $86 per sqft per year.
Compared to the rest of the New York City market, the Union Square submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 76 listings have been posted online, so you'll want to check back regularly for new listings. About 53% of the office spaces in the Union Square 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 available, 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 area are around 9 floors. Most buildings in this area were built in 1908 and are Class B.
A large portion of this area is residential, but there's plenty of office_space. Company management is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst Union Square occupants. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.