On average, listings lease in the $90's per square foot per year. The Greenwich Village region is seeing a a boost in rates. In the last 3 months, the median rate increased $16 per sqft per year. That's a 20% increase in rent.
Compared to the rest of the New York City market, the Greenwich Village region has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 21 listings have been posted online, which means new listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 5% of the office spaces in the Greenwich Village are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 2,800 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are approximately 6 floors. Most buildings in this market 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 area. Commute by taxi is the most popular way to get to work amongst Greenwich Village occupants. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.