Compared to the rest of the New York City market, the Union Square region has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 76 listings have been posted online, so you'll want to check back regularly for new listings. About 34% of the available leases in the Union Square 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.
The standard measurement for office space in this area is around 2,250 sqft. Most buildings in this region are around 9 floors. Most buildings in this market were built in 1908 and are Class B.
A large portion of this area is residential, but there's plenty of office_space. Company management is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Union Square residents. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.