On average, listings lease in the $60's per square foot per year. The Financial District region is going through a decrease in rates. In the last 3 months, the median rate fell $0 per sqft per year. That's a 0% decline in rent.
Compared to the rest of the New York City market, the Financial District region has less expensive rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 367 listings have been made available, so you'll want to check back regularly for new listings. About 63% of the available leases in the Financial District 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 2,970 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are approximately 22 floors. Most buildings in this region were built in 1928 and are Class A.
Information is the dominant industry in this market. Most of the residents of Financial District work from home. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.