Compared to the rest of the New York City market, the Civic Center submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 19 listings have been posted online, which means leases are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 21% of the available space in the Civic Center are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 4,000 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are around 5 floors. Most buildings in this region were built in 1915 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Civic Center occupants. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.