Compared to the rest of the New York City market, the Meatpacking District submarket has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 7 listings have been posted online, which means spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 229% of the available space in the Meatpacking 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 available, so finding a space for a small business might be tough.
Even though the median size is 13,770 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are close to 4 floors. Most buildings in this market were built in 1910 and are Class A.
Professional services is the dominant industry in this area. Commute by taxi is the most popular way to get to work amongst Meatpacking District residents. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.