The typical asking rate per listing is in the $60's per square foot per year. The Financial District region is experiencing a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 2% decrease in rent.
Compared to the rest of the New York City market, the Financial District region has less expensive rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 196 listings have been listed, so you'll want to check back regularly for new listings. About 19% of the office spaces in the Financial District are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 5,000 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are close to 22 floors. Most buildings in this market were built in 1928 and are Class A.
Information is the dominant industry in this region. Most of the folk of Financial District work from home. Commuting around an hour a day is the norm for those who opt to reside in this part of town.