The typical asking rate per listing is in the $0's per square foot per year. The Sutton Place submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $59 per sqft per year. That's a 100% decline in rent.
In the last 90 days, 2 listings have been made available, which means new listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 2,520 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are around 5 floors. Most buildings in this region were built in 1920 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this market. Most of the occupants of Sutton Place work from home. Commuting around 15 minutes a day is the norm for those who opt to reside in this part of town.