Compared to the rest of the New York City market, the Union Square submarket has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 76 listings have been made available, so you'll want to check back regularly for new listings. About 12% of the available leases in the Union Square are subleases, so you might be able to snag a great spot on a short term. 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 new availabilities below 2,000 sqft. Most properties in this region are approximately 9 stories. Most buildings in this region were built in 1908 and are Class B.
A large portion of this market 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.