The typical asking rate per listing is in the $60's per square foot per year. The Financial District region is experiencing a an increase in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 4% increase in rent.
Compared to the rest of the New York City market, the Financial District region has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 367 listings have been made available, so you'll want to check back regularly for new listings. About 11% of the available space in the Financial District are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 5,800 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are around 22 stories. Most buildings in this market were built in 1928 and are Class A.
Information is the dominant industry in this area. Most of the residents of Financial District work from home. Commuting around an hour a day is the norm for those who opt to reside in this part of town.