Compared to the rest of the New York City market, the Prospect Heights submarket has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 36 listings have been posted online, which means listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 6% of the office spaces in the Prospect Heights are subleases, so you will probably have to focus your search on direct office leases. 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 2,400 sqft. Most buildings in this area are approximately 4 stories. Most buildings in this market were built in 1931.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this market. Commute by walking is the most popular way to get to work amongst Prospect Heights residents. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Prospect Heights.
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