The typical asking rate per listing is in the $0's per square foot per year. The Midtown Manhattan submarket is going through a decrease in rates. In the last 3 months, the median rate fell $70 per sqft per year. That's a 100% decrease in rent.
In the last 90 days, 2356 listings have been made available, so you'll want to check back regularly for new listings. 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 sqft. Most buildings in this area are approximately 12 floors. Most buildings in this region were built in 1921 and are Class A.
This market 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 folk. Commuting close to an hour and a half a day is the norm for those who opt to reside in this part of town.