Compared to the rest of the New York City market, the Bowery region has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 9 listings have been listed, which means listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About 11% of the available leases in the Bowery 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,130 sqft. Most properties in this market are around 5 floors. Most buildings in this market were built in 1910 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this region. Most of the folk of Bowery work from home. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.