The typical asking rate per listing is in the $60's per square foot per year. The Financial District submarket is seeing 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 higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 130 listings have come on the market, so you'll want to check back regularly for new listings. About 15% of the available leases in the Financial District 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 4,730 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are close to 22 floors. Most buildings in this area were built in 1928 and are Class A.
Information is the dominant industry in this area. 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.