The typical asking rate per listing is in the $80's per square foot per year. The NoHo region is experiencing a decrease in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 5% decline in rent.
Compared to the rest of the New York City market, the NoHo submarket has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 20 listings have been made available, which means spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 15% of the listings in the NoHo are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 3,000 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this region are around 7 stories. Most buildings in this market were built in 1908 and are Class B.
A large portion of this region is residential, but there's plenty of office_space. Manufacturing is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst NoHo folk. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.