Compared to the rest of the New York City market, the Yorkville submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 11 listings have come on the market, which means leases might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 9% of the listings in the Yorkville 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 available, so finding a space for a small business might be tough.
Even though the median size is 2,650 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are around 5 stories. Most buildings in this market were built in 1925 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst Yorkville residents. Commuting approximately 10 minutes a day is the norm for those who opt to reside in this part of town.