The typical asking rate per listing is in the $220's per square foot per year. The West Village region is going through a an increase in rates. In the last 3 months, the median rate went up $130 per sqft per year. That's a 131% rise in rent.
Compared to the rest of the New York City market, the West Village submarket has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 12 listings have been listed, which means spaces are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 8% of the listings in the West Village are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 3,750 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are approximately 4 floors. Most buildings in this region were built in 1911 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Agriculture is the dominant industry in this region. Commute by car is the most popular way to get to work amongst West Village occupants. Commuting around an hour a day is the norm for those who opt to reside in this part of town.