Compared to the rest of the New York City market, the Midtown Manhattan region has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 2244 listings have come on the market, so you'll want to check back regularly for new listings. About 12% of the listings in the Midtown Manhattan 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.
Even though the median size is 2,810 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are approximately 12 stories. Most buildings in this region were built in 1921 and are Class A.
This region is fairly equally mixed residential and commercial. Manufacturing is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Midtown Manhattan occupants. Commuting approximately an hour and a half a day is the norm for those who opt to reside in this part of town.