Most listings are in the $230's per square foot per year. The Meatpacking District submarket is experiencing a a rise in rates. In the last 3 months, the median rate increased $238 per sqft per year.
Compared to the rest of the New York City market, the Meatpacking District submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 7 listings have been made available, which means new availabilities might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 229% of the office spaces in the Meatpacking District 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.
Even though the median size is 13,770 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are around 4 floors. Most buildings in this region were built in 1910 and are Class A.
Professional services is the dominant industry in this area. Commute by taxi is the most popular way to get to work amongst Meatpacking District residents. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.