On average, listings lease in the $0's per square foot per year. The Jericho submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $33 per sqft per year. That's a 100% decline in rent.
In the last 90 days, 15 listings have been made available, which means leases most likley are going fast. You'll want to be prepared to make an offer immediately. About 7% of the available leases in the Jericho are subleases, so you will probably have to focus your search on direct office leases. 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 9,490 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are around 3 stories. Most buildings in this area were built in 1980 and are Class A.