Most listings are in the $80's per square foot per year. The SoHo submarket is going through a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 1% decrease in rent.
Compared to the rest of the New York City market, the SoHo region has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 159 listings have been posted online, so you'll want to check back regularly for new listings. About 10% of the available leases in the SoHo 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 4,700 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are close to 5 stories. Most buildings in this region were built in 1910 and are Class B.
This region is fairly equally mixed residential and commercial. Utilities is the dominant industry in this region. Most of the folk of SoHo work from home. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.