The typical asking rate per listing is in the $80's per square foot per year. The Hudson Square region is seeing a a rise in rates. In the last 3 months, the median rate increased $90 per sqft per year.
Compared to the rest of the New York City market, the Hudson Square submarket has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 59 listings have been listed, so you'll want to check back regularly for new listings. About 88% of the available leases in the Hudson Square 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 posted, so finding a space for a small business might be tough.
Even though the median size is 14,750 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this region are approximately 10 stories. Most buildings in this region were built in 1922 and are Class A.
Health care is the dominant industry in this market. Most of the occupants of Hudson Square work from home. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.