On average, listings lease in the $110's per square foot per year. The Rockefeller Center region is going through a a rise in rates. In the last 3 months, the median rate increased $7 per sqft per year. That's a 6% rise in rent.
Compared to the rest of the New York City market, the Rockefeller Center region has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 14 listings have come on the market, which means office spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 86% of the listings in the Rockefeller Center are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,500 sqft. Most properties in this market are approximately 25 floors. Most buildings in this area were built in 1935 and are Class A.
Public administration is the dominant industry in this market. Most of the occupants of Rockefeller Center work from home. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.