On average, listings lease in the $120's per square foot per year. The Yorkville submarket is seeing a a boost in rates. In the last 3 months, the median rate increased $129 per sqft per year.
Compared to the rest of the New York City market, the Yorkville submarket has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 17 listings have come on the market, which means new listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 6% of the listings in the Yorkville 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 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 380 sqft. Most buildings in this market are approximately 5 stories. Most buildings in this area were built in 1925 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst Yorkville folk. Commuting close to 10 minutes a day is the norm for those who opt to reside in this part of town.