On average, listings lease in the $60's per square foot per year. The Chinatown submarket is going through a a boost in rates. In the last 3 months, the median rate increased $65 per sqft per year.
In the last 90 days, 3 listings have come on the market, which means new listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About 33% of the listings in the Chinatown are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 7,680 sqft, there are still 0 listings below 2,000 sqft. Most properties in this region are around 8 floors. Most buildings in this area were built in 2004 and are Class A.
This area is fairly equally mixed residential and commercial. Construction is the dominant industry in this area. Commute by taxi is the most popular way to get to work amongst Chinatown residents. Commuting around 10 minutes a day is the norm for those who opt to reside in this part of town.