Most listings are in the $150's per square foot per year. The Yorkville region is going through a an increase in rates. In the last 3 months, the median rate rose $29 per sqft per year. That's a 23% rise in rent.
Compared to the rest of the New York City market, the Yorkville region has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 17 listings have come on the market, which means new availabilities might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 18% of the available leases in the Yorkville are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 2,650 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this area are around 5 floors. Most buildings in this market 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 market. Commute by bike is the most popular way to get to work amongst Yorkville residents. Commuting around 10 minutes a day is the norm for those who opt to reside in this part of town.