On average, listings lease in the $70's per square foot per year. The Greenwich Village region is experiencing a decline in rates. In the last 3 months, the median rate fell $16 per sqft per year. That's a 16% decline in rent.
Compared to the rest of the New York City market, the Greenwich Village region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 11 listings have been listed, which means new listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. 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 3,000 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this area are approximately 6 stories. Most buildings in this region were built in 1906 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this market. Commute by taxi is the most popular way to get to work amongst Greenwich Village folk. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.