Compared to the rest of the New York City market, the West Village region has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 25 listings have been posted online, which means listings most likley are going fast. You'll want to be prepared to make an offer immediately. About 136% of the listings in the West Village 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 9,130 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are close to 4 floors. Most buildings in this market were built in 1910 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Agriculture is the dominant industry in this market. Commute by car is the most popular way to get to work amongst West Village residents. Commuting around an hour a day is the norm for those who opt to reside in this part of town.