On average, listings lease in the $0's per square foot per year. The Meatpacking District submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $73 per sqft per year. That's a 100% decline in rent.
In the last 90 days, 7 listings have been listed, which means spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. 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 sqft. Most properties in this area are around 4 stories. Most buildings in this area 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 folk. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.