The typical asking rate per listing is in the $180's per square foot per year. The West Village submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $53 per sqft per year. That's a 22% decrease in rent.
Compared to the rest of the New York City market, the West Village region has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 25 listings have been made available, which means office spaces most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 84% of the available space in the West Village are subleases, so you might be able to snag a great spot on a short term. 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 4,220 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region 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 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.