Most listings are in the $60's per square foot per year. The Chelsea region is experiencing a a rise in rates. In the last 3 months, the median rate rose $69 per sqft per year.
Compared to the rest of the New York City market, the Chelsea submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 280 listings have come on the market, so you'll want to check back regularly for new listings. About 118% of the available leases in the Chelsea 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 2,740 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are around 11 floors. Most buildings in this area were built in 1914 and are Class B.
A large portion of this market is residential, but there's plenty of office_space. Public administration is the dominant industry in this area. Most of the folk of Chelsea 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.