The typical asking rate per listing is in the $70's per square foot per year. The Flatiron District submarket is experiencing a a boost in rates. In the last 3 months, the median rate rose $77 per sqft per year.
Compared to the rest of the New York City market, the Flatiron District region has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 93 listings have been made available, so you'll want to check back regularly for new listings. About 87% of the listings in the Flatiron 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,500 sqft. Most buildings in this market are approximately 9 stories. Most buildings in this market were built in 1910 and are Class B.
Real estate is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Flatiron District residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.