On average, listings lease in the $100's per square foot per year. The Lincoln Square region is experiencing a a rise in rates. In the last 3 months, the median rate rose $108 per sqft per year.
Compared to the rest of the New York City market, the Lincoln Square region has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 9 listings have been posted online, which means listings might be going fast. You'll want to be prepared to make an offer immediately. About 22% of the office spaces in the Lincoln Square 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.
The standard measurement for office space in this area is around 2,340 sqft. Most properties in this area are close to 12 stories. Most buildings in this region 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 region. Commute by walking is the most popular way to get to work amongst Lincoln Square folk. Commuting close to 10 minutes a day is the norm for those who opt to reside in this part of town.