On average, listings lease in the $50's per square foot per year. The DUMBO region is going through a decline in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 4% decline in rent.
Compared to the rest of the New York City market, the DUMBO region has smaller rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 71 listings have been made available, so you'll want to check back regularly for new listings. About 1% of the available space in the DUMBO 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,750 sqft. Most properties in this region are approximately 10 stories. Most buildings in this area 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 market. Commute by bike is the most popular way to get to work amongst DUMBO folk. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.