The typical asking rate per listing is in the $0's per square foot per year. The Garment District submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $59 per sqft per year. That's a 100% decline in rent.
In the last 90 days, 482 listings have been posted online, so you'll want to check back regularly for new listings. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around sqft. Most properties in this region are around 14 stories. Most buildings in this area were built in 1924 and are Class B.
Finance and insurance are the dominant industries in this market. Commute by taxi is the most popular way to get to work amongst Garment District folk. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.