On average, listings lease in the $90's per square foot per year. The Greenwich Village submarket is going through a decline in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 3% decline in rent.
Compared to the rest of the New York City market, the Greenwich Village submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 27 listings have been posted online, which means office spaces most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 11% of the office spaces in the Greenwich Village 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 2,510 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are around 6 stories. Most buildings in this market were built in 1906 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this area. Commute by taxi is the most popular way to get to work amongst Greenwich Village occupants. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.