On average, listings lease in the $0's per square foot per year. The Gramercy Park region is going through a decline in rates. In the last 3 months, the median rate decreased $79 per sqft per year. That's a 100% decrease in rent.
In the last 90 days, 22 listings have been made available, which means leases are probably going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around sqft. Most buildings in this area are close to 10 stories. Most buildings in this area were built in 1912 and are Class A.
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 area. Most of the residents 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.