Most listings are in the $0's per square foot per year. The Sutton Place region is experiencing a decline in rates. In the last 3 months, the median rate fell $59 per sqft per year. That's a 100% decline in rent.
In the last 90 days, 2 listings have come on the market, which means new availabilities are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 2,520 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are close to 5 floors. Most buildings in this market were built in 1920 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this market. Most of the occupants of Sutton Place work from home. Commuting close to 15 minutes a day is the norm for those who opt to reside in this part of town.