On average, listings lease in the $20's per square foot per year. The Mott Haven submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $15 per sqft per year. That's a 34% decrease in rent.
Compared to the rest of the New York City market, the Mott Haven region has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 19 listings have been posted online, which means spaces most likley are 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 900 sqft. Most buildings in this area are close to 4 floors. Most buildings in this market were built in 1931 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Mott Haven residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.