The typical asking rate per listing is in the $80's per square foot per year. The Gramercy Park region is experiencing a decrease in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 3% decline in rent.
Compared to the rest of the New York City market, the Gramercy Park region has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 13 listings have been listed, which means office spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 15% of the available leases in the Gramercy Park 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.
The standard measurement for office space in this area is around 1,750 sqft. Most properties in this area are around 12 floors. Most buildings in this region were built in 1912 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this region. Most of the folk of Gramercy Park work from home. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.