The typical asking rate per listing is in the $80's per square foot per year. The Hudson Square submarket is going through a a rise in rates. In the last 3 months, the median rate went up $7 per sqft per year. That's a 8% rise in rent.
Compared to the rest of the New York City market, the Hudson Square submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 59 listings have been listed, so you'll want to check back regularly for new listings. About 7% of the available leases in the Hudson Square are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 15,490 sqft, there are still 0 listings below 2,000 sqft. Most properties in this region are close to 10 stories. Most buildings in this market were built in 1922 and are Class A.
Health care is the dominant industry in this region. Most of the folk of Hudson Square work from home. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.