On average, listings lease in the $180's per square foot per year. The Upper West Side submarket is going through a a rise in rates. In the last 3 months, the median rate increased $182 per sqft per year.
Compared to the rest of the New York City market, the Upper West Side region has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 38 listings have been posted online, which means spaces might be going fast. You'll want to be prepared to make an offer immediately. About 45% of the available leases in the Upper West Side 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 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 200 sqft. Most properties in this region are approximately 5 floors. Most buildings in this market were built in 1920 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this market. Most of the occupants of Upper West Side work from home. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.