Compared to the rest of the New York City market, the Yorkville region has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 10 listings have been posted online, which means new listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 10% of the available leases in the Yorkville are subleases, so you will probably have to consider a longer term lease. 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 leases below 2,000 sqft. Most properties in this market are around 5 stories. Most buildings in this market were built in 1925 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Yorkville occupants. Commuting approximately 10 minutes a day is the norm for those who opt to reside in this part of town.