On average, listings lease in the $60's per square foot per year. The Chinatown submarket is seeing a a boost in rates. In the last 3 months, the median rate increased $65 per sqft per year.
In the last 90 days, 3 listings have come on the market, which means leases most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 33% of the office spaces in the Chinatown are subleases, so you might be able to snag a great spot on a short term. 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 7,680 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this market are close to 8 floors. Most buildings in this region were built in 2004 and are Class A.
This area is fairly equally mixed residential and commercial. Construction is the dominant industry in this region. Commute by taxi is the most popular way to get to work amongst Chinatown occupants. Commuting close to 10 minutes a day is the norm for those who opt to reside in this part of town.