Most listings are in the $120's per square foot per year. The Upper East Side submarket is experiencing a a boost in rates. In the last 3 months, the median rate rose $2 per sqft per year. That's a 2% rise in rent.
Compared to the rest of the New York City market, the Upper East Side submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 80 listings have been posted online, so you'll want to check back regularly for new listings. About 8% of the available space in the Upper East Side are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 2,650 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this area are close to 5 stories. Most buildings in this area were built in 1920 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this market. Most of the occupants of Upper East Side work from home. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.