Most listings are in the $80's per square foot per year. The SoHo region is seeing a decrease in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 4% decrease in rent.
Compared to the rest of the New York City market, the SoHo submarket has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 112 listings have been made available, so you'll want to check back regularly for new listings. About 13% of the office spaces in the SoHo 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 posted, so finding a space for a small business might be tough.
Even though the median size is 5,000 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this region are around 5 stories. Most buildings in this region were built in 1910 and are Class B.
This market is fairly equally mixed residential and commercial. Utilities is the dominant industry in this area. Most of the occupants of SoHo work from home. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.