Compared to the rest of the New York City market, the Garment District region has smaller rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 360 listings have been posted online, so you'll want to check back regularly for new listings. About 13% of the available leases in the Garment District 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 on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,450 sqft. Most properties in this area are around 14 stories. Most buildings in this region were built in 1924 and are Class B.
Finance and insurance are the dominant industries in this market. Commute by taxi is the most popular way to get to work amongst Garment District occupants. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.