The typical asking rate per listing is in the $120's per square foot per year. The Yorkville submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $19 per sqft per year. That's a 13% decrease in rent.
Compared to the rest of the New York City market, the Yorkville submarket has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 17 listings have been made available, which means listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 2,650 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this region are approximately 5 floors. Most buildings in this area were built in 1925 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst Yorkville residents. Commuting approximately 10 minutes a day is the norm for those who opt to reside in this part of town.