On average, listings lease in the $40's per square foot per year. The Rye submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $72 per sqft per year. That's a 63% decline in rent.
In the last 90 days, 3 listings have been listed, which means office spaces might be 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.
Even though the median size is 44,530 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are close to 1 stories. Most buildings in this market were built in 1989 and are Class A.