The typical asking rate per listing is in the $70's per square foot per year. The Flatiron District region is seeing a a rise in rates. In the last 3 months, the median rate rose $5 per sqft per year. That's a 7% rise in rent.
Compared to the rest of the New York City market, the Flatiron District region has greater rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 41 listings have been listed, so you'll want to check back regularly for new listings. About 34% of the listings in the Flatiron 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 posted, so finding a space for a small business might be tough.
Even though the median size is 3,540 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are close to 9 floors. Most buildings in this region were built in 1910 and are Class B.
This market is fairly equally mixed residential and commercial. Real estate is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Flatiron District folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.