Most listings are in the $230's per square foot per year. The West Village submarket is seeing a a rise in rates. In the last 3 months, the median rate went up $145 per sqft per year. That's a 158% increase in rent.
Compared to the rest of the New York City market, the West Village region has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 25 listings have been listed, which means new availabilities are probably going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 13,770 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are around 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 region. Commute by car is the most popular way to get to work amongst West Village residents. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.