The typical asking rate per listing is in the $80's per square foot per year. The Hudson Square region is going through a an increase in rates. In the last 3 months, the median rate increased $3 per sqft per year. That's a 3% increase in rent.
Compared to the rest of the New York City market, the Hudson Square region has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 55 listings have come on the market, so you'll want to check back regularly for new listings. About 2% of the available leases in the Hudson Square 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 available, so finding a space for a small business might be tough.
Even though the median size is 8,350 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are approximately 10 stories. Most buildings in this area were built in 1922 and are Class A.
Health care is the dominant industry in this area. Most of the residents of Hudson Square work from home. Commuting around an hour a day is the norm for those who opt to reside in this part of town.