The typical asking rate per listing is in the $30's per square foot per year. The Murray Hill region is going through a a rise in rates. In the last 3 months, the median rate went up $11 per sqft per year. That's a 43% increase in rent.
Compared to the rest of the New York City market, the Murray Hill submarket has smaller rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 4 listings have been listed, which means spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,500 sqft. Most buildings in this market are close to 2 floors. Most buildings in this market were built in 1997 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Agriculture is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Murray Hill folk. Commuting close to 10 minutes a day is the norm for those who opt to reside in this part of town.