On average, listings lease in the $220's per square foot per year. The West Village region is experiencing a an increase in rates. In the last 3 months, the median rate went up $130 per sqft per year. That's a 131% rise in rent.
Compared to the rest of the New York City market, the West Village submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 18 listings have been posted online, which means office spaces most likley are 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 5,850 sqft, there are still 0 listings below 2,000 sqft. Most properties in this market are close to 4 stories. Most buildings in this market were built in 1911 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Agriculture is the dominant industry in this region. Commute by car is the most popular way to get to work amongst West Village residents. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.