The typical asking rate per listing is in the $40's per square foot per year. The Glendale submarket is going through a an increase in rates. In the last 3 months, the median rate increased $44 per sqft per year.
Compared to the rest of the New York City market, the Glendale region has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 24 listings have been listed, which means leases are probably going fast. You'll want to be prepared to make an offer immediately. 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 9,100 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this region are approximately 2 stories. Most buildings in this region were built in 1931 and are Class A.
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 region. Commute by walking is the most popular way to get to work amongst Glendale folk. Commuting between 30 and 45 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 Glendale.
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