Most listings are in the $60's per square foot per year. The DUMBO region is experiencing a a rise in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 1% increase in rent.
Compared to the rest of the New York City market, the DUMBO submarket has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 99 listings have been made available, so you'll want to check back regularly for new listings. About 52% of the office spaces 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.
Even though the median size is 2,930 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are close to 11 floors. Most buildings in this market were built in 1925 and are Class C.
A large portion of this area 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.