The typical asking rate per listing is in the $80's per square foot per year. The NoHo region is seeing a decrease in rates. In the last 3 months, the median rate fell $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 make a great offer to be in this hot region.
In the last 90 days, 20 listings have been made available, which means new availabilities are probably going fast. You'll want to be prepared to make an offer immediately. About 50% of the office spaces in the NoHo 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 3,280 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this market are around 7 stories. Most buildings in this region 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 area. Commute by walking is the most popular way to get to work amongst NoHo residents. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.