On average, listings lease in the $20's per square foot per year. The Morrisania submarket is going through a a rise in rates. In the last 3 months, the median rate rose $29 per sqft per year.
Compared to the rest of the New York City market, the Morrisania region has lower rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 3 listings have come on the market, which means spaces most likley are leasing quickly. 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.
Even though the median size is 3,000 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are approximately 2 floors. Most buildings in this area were built in 2015 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this market. Most of the folk of Morrisania work from home. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.