Most listings are in the $130'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 increased $24 per sqft per year. That's a 21% increase in rent.
Compared to the rest of the New York City market, the Upper East Side region has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 77 listings have been made available, so you'll want to check back regularly for new listings. About 8% of the listings 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,800 sqft. Most properties in this market 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 region. 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.