Most listings are in the $70's per square foot per year. The Tribeca region is seeing a decline in rates. In the last 3 months, the median rate decreased $8 per sqft per year. That's a 11% decrease in rent.
Compared to the rest of the New York City market, the Tribeca region has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 100 listings have been made available, so you'll want to check back regularly for new listings. About 13% of the available space in the Tribeca 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.
The standard measurement for office space in this area is around 2,460 sqft. Most buildings in this area are close to 6 stories. Most buildings in this market were built in 1915 and are Class A.
This area is fairly equally mixed residential and commercial. Education is the dominant industry in this market. Most of the occupants of Tribeca work from home. Commuting close to 15 minutes a day is the norm for those who opt to reside in this part of town.