The typical asking rate per listing is in the $50's per square foot per year. The DUMBO submarket is experiencing a a boost in rates. In the last 3 months, the median rate rose $59 per sqft per year.
Compared to the rest of the New York City market, the DUMBO region has less expensive rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 99 listings have been listed, so you'll want to check back regularly for new listings. About 56% of the available space in the DUMBO are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,500 sqft. Most buildings in this region are approximately 12 stories. Most buildings in this market were built in 1925 and are Class C.
A large portion of this market is residential, but there's plenty of office_space. Manufacturing is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst DUMBO occupants. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.