Most listings are in the $60's per square foot per year. The Vinegar Hill region is going through a an increase in rates. In the last 3 months, the median rate went up $4 per sqft per year. That's a 8% increase in rent.
Compared to the rest of the New York City market, the Vinegar Hill submarket has smaller rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 2 listings have been posted online, which means office spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 8,250 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market are close to 6 stories. Most buildings in this area were built in 1920 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Vinegar Hill residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.