Most listings are in the $180's per square foot per year. The East Village region is going through a decrease in rates. In the last 3 months, the median rate fell $61 per sqft per year. That's a 25% decrease in rent.
Compared to the rest of the New York City market, the East Village region has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 1 listings have come on the market, which means spaces most likley are 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 new availabilities below 2,000 sqft. Most buildings in this region are approximately 5 floors. Most buildings in this region were built in 1900 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 market. Commute by walking is the most popular way to get to work amongst East Village 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.