On average, listings lease in the $80's per square foot per year. The Flushing submarket is seeing a a boost in rates. In the last 3 months, the median rate went up $5 per sqft per year. That's a 6% rise in rent.
Compared to the rest of the New York City market, the Flushing submarket has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 278 listings have been listed, so you'll want to check back regularly for new listings. About 4% of the available leases in the Flushing are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 2,000 sqft. Most buildings in this region are approximately 3 stories. Most buildings in this region were built in 1988 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Flushing residents. Commuting approximately an hour 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 Flushing.
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