Compared to the rest of the New York City market, the Union Square submarket has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 76 listings have come on the market, so you'll want to check back regularly for new listings. About 9% of the listings in the Union Square are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 3,000 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are around 9 stories. Most buildings in this region were built in 1908 and are Class B.
A large portion of this area is residential, but there's plenty of office_space. Company management is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst Union Square residents. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.