The typical asking rate per listing is in the $80's per square foot per year. The Bowery region is seeing a decrease in rates. In the last 3 months, the median rate decreased $15 per sqft per year. That's a 15% decrease in rent.
Compared to the rest of the New York City market, the Bowery submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 5 listings have been made available, which means new listings 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 9,500 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are approximately 5 stories. Most buildings in this area were built in 1910 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this region. Most of the folk of Bowery work from home. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.