Most listings are in the $220'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 rose $130 per sqft per year. That's a 131% increase in rent.
Compared to the rest of the New York City market, the West Village submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 12 listings have come on the market, which means leases might be leasing quickly. You'll want to be prepared to make an offer immediately. About 8% of the listings in the West Village are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 3,750 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this area are approximately 4 stories. Most buildings in this area were built in 1911 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 around an hour a day is the norm for those who opt to reside in this part of town.