The typical asking rate per listing is in the $100's per square foot per year. The Lincoln Square submarket is experiencing a a rise in rates. In the last 3 months, the median rate rose $108 per sqft per year.
Compared to the rest of the New York City market, the Lincoln Square submarket has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 9 listings have been made available, which means new availabilities are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 11% of the office spaces in the Lincoln 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 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 2,340 sqft. Most properties in this market are close to 12 stories. Most buildings in this market were built in 1926 and are Class B.
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 market. Commute by walking is the most popular way to get to work amongst Lincoln Square residents. Commuting close to 10 minutes a day is the norm for those who opt to reside in this part of town.