The typical asking rate per listing is in the $0's per square foot per year. The Manhattan Village submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $55 per sqft per year. That's a 100% decrease in rent.
In the last 90 days, 1 listings have been listed, which means listings are probably going fast. 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 3,600 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are around 6 floors. Most buildings in this market were built in 1985 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this region. Most of the residents of Manhattan Village work from home. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.