Compared to the rest of the New York City market, the SoHo submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 142 listings have come on the market, so you'll want to check back regularly for new listings. About 11% of the available leases in the SoHo 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 5,500 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this region are close to 5 stories. Most buildings in this area were built in 1910 and are Class B.
This market is fairly equally mixed residential and commercial. Utilities is the dominant industry in this market. Most of the residents of SoHo work from home. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.