Compared to the rest of the New York City market, the Midtown East region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 673 listings have been listed, so you'll want to check back regularly for new listings. About 15% of the office spaces in the Midtown East 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.
Even though the median size is 4,250 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are approximately 18 floors. Most buildings in this area were built in 1931 and are Class A.
Manufacturing is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Midtown East residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.