Compared to the rest of the New York City market, the Kips Bay region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 43 listings have been listed, so you'll want to check back regularly for new listings. About 14% of the available leases in the Kips Bay 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 available, so finding a space for a small business might be tough.
Even though the median size is 2,900 sqft, there are still 0 listings below 2,000 sqft. Most properties in this region are close to 9 floors. Most buildings in this area were built in 1920 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Kips Bay residents. Commuting around an hour and a half a day is the norm for those who opt to reside in this part of town.