Most listings are in the $80's per square foot per year. The NoHo submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 2% decline in rent.
Compared to the rest of the New York City market, the NoHo region has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 20 listings have come on the market, which means listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 65% of the available leases in the NoHo are subleases, so you might be able to find a shorter term or below market rent. 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 3,000 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are around 7 stories. Most buildings in this area were built in 1905 and are Class B.
A large portion of this region is residential, but there's plenty of office_space. Manufacturing is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst NoHo folk. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.