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On average, commerial real estate listings lease in the $50's per square foot per year. The Astoria submarket is experiencing a an increase in rates. In the last 3 months, the median rate for lease rose $13 per sqft per year. That's a 28% rise in rent.
Compared to the rest of the New York City commercial real estate market, the Astoria region has smaller rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 187 commercial real estate listings have been made available, so you'll want to check back regularly for new listings. About 1% of the available commercial real estate leases in the Astoria 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.
The standard size for office space in this area is around 1,700 sqft. Most properties in this market are close to 2 floors. Most buildings in this area were built close to 1935 and are Class .
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Astoria residents. Commuting close to an hour and a half 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 Astoria.
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