Compared to the rest of the New York City market, the Alphabet City region has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 1 listings have been listed, which means leases are probably going fast. You'll want to be prepared to make an offer immediately. 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 4,310 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market are close to 5 floors. Most buildings in this area 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 area. 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.