The typical asking rate per listing is in the $70's per square foot per year. The Tribeca submarket is going through a decline in rates. In the last 3 months, the median rate fell $8 per sqft per year. That's a 11% decrease in rent.
Compared to the rest of the New York City market, the Tribeca submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 100 listings have been listed, so you'll want to check back regularly for new listings. About 13% of the office spaces in the Tribeca are subleases, so you might be able to find a shorter term or below market rent. 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 2,460 sqft. Most properties in this area are around 6 stories. Most buildings in this region were built in 1915 and are Class A.
This market is fairly equally mixed residential and commercial. Education is the dominant industry in this market. Most of the residents of Tribeca work from home. Commuting close to 15 minutes a day is the norm for those who opt to reside in this part of town.