On average, listings lease in the $60's per square foot per year. The Financial District submarket is seeing a an increase in rates. In the last 3 months, the median rate increased $4 per sqft per year. That's a 6% rise in rent.
Compared to the rest of the New York City market, the Financial District region has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 336 listings have come on the market, so you'll want to check back regularly for new listings. About 12% of the available leases in the Financial District are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 6,090 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are around 22 floors. Most buildings in this market were built in 1928 and are Class A.
Information is the dominant industry in this region. Most of the folk of Financial District work from home. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.