Compared to the rest of the New York City market, the NoMad 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, 193 listings have come on the market, so you'll want to check back regularly for new listings. About 11% of the listings in the NoMad 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.
The standard measurement for office space in this area is around 2,440 sqft. Most properties in this region are close to 12 floors. Most buildings in this market were built in 1914 and are Class B.
Public administration is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst NoMad folk. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.