On average, listings lease in the $0's per square foot per year. The Manhattan Village region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $55 per sqft per year. That's a 100% decline in rent.
In the last 90 days, 6 listings have been made available, which means spaces are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 17% of the available space in the Manhattan Village are subleases, so you might be able to find a shorter term or below market rent. 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 840 sqft. Most buildings in this market are close to 6 stories. Most buildings in this market were built in 1985 and are Class A.
A large portion of this area is residential, but there's plenty of office_space. Arts, entertainment, and restaurants are the dominant industries in this market. Most of the folk of Manhattan Village work from home. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.