On average, listings lease in the $50's per square foot per year. The Central Harlem region is seeing a decrease in rates. In the last 3 months, the median rate fell $16 per sqft per year. That's a 22% decrease in rent.
Compared to the rest of the New York City market, the Central Harlem submarket has lower rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 1 listings have been posted online, which means office spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,050 sqft. Most properties in this area are around 5 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. Health care is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Central Harlem occupants. Commuting close to 10 minutes a day is the norm for those who opt to reside in this part of town.