The typical asking rate per listing is in the $80's per square foot per year. The Hudson Square region is seeing a an increase in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 1% increase in rent.
Compared to the rest of the New York City market, the Hudson Square region has greater rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 59 listings have come on the market, so you'll want to check back regularly for new listings. About 68% of the office spaces in the Hudson Square are subleases, so you might be able to snag a great spot on a short term. 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 7,040 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are close to 10 floors. Most buildings in this market were built in 1922 and are Class A.
Health care is the dominant industry in this market. Most of the occupants of Hudson Square work from home. Commuting around an hour a day is the norm for those who opt to reside in this part of town.