The typical asking rate per listing is in the $80's per square foot per year. The SoHo submarket is experiencing a a boost in rates. In the last 3 months, the median rate went up $90 per sqft per year.
Compared to the rest of the New York City market, the SoHo region has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 159 listings have come on the market, so you'll want to check back regularly for new listings. About 97% of the listings in the SoHo 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 posted, so finding a space for a small business might be tough.
Even though the median size is 4,950 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are approximately 5 stories. Most buildings in this area were built in 1910 and are Class B.
This market is fairly equally mixed residential and commercial. Utilities is the dominant industry in this region. Most of the residents of SoHo work from home. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.