The typical asking rate per listing is in the $70's per square foot per year. The West Bronx region is seeing a a boost in rates. In the last 3 months, the median rate went up $38 per sqft per year. That's a 116% increase in rent.
Compared to the rest of the New York City market, the West Bronx submarket has less expensive rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 502 listings have come on the market, so you'll want to check back regularly for new listings. About 3% of the available leases in the West Bronx are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,000 sqft. Most properties in this market are around 2 stories. Most buildings in this market 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. Public administration is the dominant industry in this region. Commute by motorcycle is the most popular way to get to work amongst West Bronx residents. Commuting close to 30 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 West Bronx.
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