Most listings are in the $80's per square foot per year. The Washington Heights submarket is seeing a a rise in rates. In the last 3 months, the median rate went up $25 per sqft per year. That's a 40% rise in rent.
Compared to the rest of the New York City market, the Washington Heights region has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 10 listings have been made available, which means spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. 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 2,500 sqft. Most properties in this market are close to 5 stories. Most buildings in this market were built in 1922 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Washington Heights occupants. Commuting around an hour and a half a day is the norm for those who opt to reside in this part of town.