Most listings are in the $10's per square foot per year. The Emerson Garfield submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 8% decline in rent.
In the last 90 days, 18 listings have been listed, which means office spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 6% of the available leases in the Emerson Garfield are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,100 sqft. Most properties in this area are around 2 floors. Most buildings in this market were built in 1962 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this market. Commute by motorcycle is the most popular way to get to work amongst Emerson Garfield occupants. Commuting close to 15 minutes a day is the norm for those who opt to reside in this part of town.