Most listings are in the $110's per square foot per year. The Upper East Side submarket is experiencing a a boost in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 1% rise in rent.
Compared to the rest of the New York City market, the Upper East Side submarket has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 72 listings have come on the market, so you'll want to check back regularly for new listings. About 7% of the available space in the Upper East Side 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 3,969 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are around 5 stories. Most buildings in this area were built in 1920 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this region. Most of the occupants of Upper East Side work from home. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.