Most listings are in the $80's per square foot per year. The Gramercy Park submarket is seeing a a rise in rates. In the last 3 months, the median rate rose $4 per sqft per year. That's a 5% increase in rent.
Compared to the rest of the New York City market, the Gramercy Park region has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 22 listings have been made available, which means leases most likley are leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 3,130 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are close to 10 stories. Most buildings in this market were built in 1912 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this market. Most of the folk of Gramercy Park work from home. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.