The typical asking rate per listing is in the $40's per square foot per year. The Rego Park region is experiencing a an increase in rates. In the last 3 months, the median rate increased $48 per sqft per year.
Compared to the rest of the New York City market, the Rego Park region has lower rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 87 listings have been made available, so you'll want to check back regularly for new listings. About 2% of the listings in the Rego Park are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 2,700 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are close to 2 stories. Most buildings in this market were built in 1964 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Rego Park residents. Commuting around 10 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 Rego Park.
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