The typical asking rate per listing is in the $0's per square foot per year. The Upper Manhattan submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $109 per sqft per year. That's a 100% decrease in rent.
In the last 90 days, 140 listings have been posted online, so you'll want to check back regularly for new listings. 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 sqft. Most buildings in this area are approximately 5 stories. Most buildings in this market were built in 1920 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Upper Manhattan residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.