On average, listings lease in the $70's per square foot per year. The Tribeca submarket is seeing a decline in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 4% decrease in rent.
Compared to the rest of the New York City market, the Tribeca submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 51 listings have been made available, so you'll want to check back regularly for new listings. About 20% of the office spaces in the Tribeca 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 on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,410 sqft. Most properties in this area are close to 6 floors. Most buildings in this region were built in 1915 and are Class A.
This region is fairly equally mixed residential and commercial. Education is the dominant industry in this area. Most of the folk of Tribeca work from home. Commuting approximately 15 minutes a day is the norm for those who opt to reside in this part of town.