Most listings are in the $70's per square foot per year. The NoMad region is experiencing a an increase in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 2% increase in rent.
Compared to the rest of the New York City market, the NoMad region has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 257 listings have been made available, so you'll want to check back regularly for new listings. About 11% of the available space in the NoMad 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 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 2,200 sqft. Most buildings in this market are around 12 floors. Most buildings in this area were built in 1914 and are Class B.
Public administration is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst NoMad occupants. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.