On average, listings lease in the $90's per square foot per year. The Rockefeller Center submarket is seeing a decline in rates. In the last 3 months, the median rate fell $17 per sqft per year. That's a 15% decrease in rent.
Compared to the rest of the New York City market, the Rockefeller Center region has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 14 listings have come on the market, which means office spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 14% of the office spaces 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 2,610 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are close to 25 floors. Most buildings in this area were built in 1935 and are Class A.
Public administration is the dominant industry in this area. Most of the folk 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.