Most listings are in the $60's per square foot per year. The Alphabet City submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $33 per sqft per year. That's a 33% decline in rent.
Compared to the rest of the New York City market, the Alphabet City region has smaller rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 0 listings have been listed, which means office spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. About NaN% of the available leases in the Alphabet City are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 5,000 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market are around 5 stories. Most buildings in this market were built in 1901 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 region. Commute by public transit is the most popular way to get to work amongst Alphabet City residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.