On average, listings lease in the $70's per square foot per year. The NoMad region is experiencing a a boost in rates. In the last 3 months, the median rate went up $0 per sqft per year. That's a 0% increase in rent.
Compared to the rest of the New York City market, the NoMad submarket has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 259 listings have been made available, so you'll want to check back regularly for new listings. About 14% of the available space in the NoMad are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,180 sqft. Most properties in this area are around 12 floors. Most buildings in this region 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 occupants. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.