On average, listings lease in the $60's per square foot per year. The Financial District region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 4% decline in rent.
Compared to the rest of the New York City market, the Financial District submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 367 listings have been made available, so you'll want to check back regularly for new listings. About 60% of the available space 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 4,510 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are around 22 stories. Most buildings in this region 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 close to an hour a day is the norm for those who opt to reside in this part of town.