The typical asking rate per listing is in the $60's per square foot per year. The Financial District submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 6% decline in rent.
Compared to the rest of the New York City market, the Financial District region has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 173 listings have been posted online, so you'll want to check back regularly for new listings. About 18% of the office spaces in the Financial District 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 4,950 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this area are around 22 stories. Most buildings in this area were built in 1928 and are Class A.
Information is the dominant industry in this region. Most of the residents of Financial District work from home. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.