The typical asking rate per listing is in the $100's per square foot per year. The Lincoln Square submarket is going through a an increase in rates. In the last 3 months, the median rate went up $108 per sqft per year.
Compared to the rest of the New York City market, the Lincoln Square region has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 9 listings have come on the market, which means leases are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 33% of the listings in the Lincoln Square are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,340 sqft. Most buildings in this region are approximately 12 stories. Most buildings in this market were built in 1926 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Lincoln Square occupants. Commuting around 10 minutes a day is the norm for those who opt to reside in this part of town.