The typical asking rate per listing is in the $70's per square foot per year. The Greenwich Village submarket is going through a decline in rates. In the last 3 months, the median rate fell $15 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 greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 6 listings have come on the market, which means listings might be going fast. You'll want to be prepared to make an offer immediately. About 33% of the office spaces in the Greenwich Village 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 available, so finding a space for a small business might be tough.
Even though the median size is 19,690 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this market are close to 6 stories. Most buildings in this area 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 residents. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.