The typical asking rate per listing is in the $180's per square foot per year. The Upper West Side submarket is seeing a a rise in rates. In the last 3 months, the median rate increased $182 per sqft per year.
Compared to the rest of the New York City market, the Upper West Side submarket has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 38 listings have been made available, which means spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 47% of the available space in the Upper West Side are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 200 sqft. Most properties in this area are close to 5 floors. Most buildings in this market 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. Information is the dominant industry in this region. Most of the occupants of Upper West Side work from home. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.