On average, listings lease in the $130's per square foot per year. The Rockefeller Center region is seeing a a rise in rates. In the last 3 months, the median rate went up $12 per sqft per year. That's a 10% increase in rent.
Compared to the rest of the New York City market, the Rockefeller Center submarket has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 3 listings have come on the market, which means new availabilities are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 67% of the available space in the Rockefeller Center 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 posted, so finding a space for a small business might be tough.
Even though the median size is 35,100 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are close to 25 stories. Most buildings in this market were built in 1935 and are Class A.
Public administration is the dominant industry in this market. Most of the residents of Rockefeller Center work from home. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.