Compared to the rest of the New York City market, the Bowery submarket has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 6 listings have been made available, which means listings might be going fast. You'll want to be prepared to make an offer immediately. About 17% of the available space in the Bowery are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,130 sqft. Most buildings in this region 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 market. Most of the occupants 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.