The typical asking rate per listing is in the $80's per square foot per year. The Hudson Square submarket is going through a an increase in rates. In the last 3 months, the median rate increased $5 per sqft per year. That's a 6% increase in rent.
Compared to the rest of the New York City market, the Hudson Square submarket has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 59 listings have come on the market, so you'll want to check back regularly for new listings. About 8% of the available space in the Hudson Square are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 7,360 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are around 10 stories. Most buildings in this region were built in 1922 and are Class A.
Health care is the dominant industry in this area. Most of the folk 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.