Most listings are in the $50's per square foot per year. The Two Bridges submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $12 per sqft per year. That's a 17% decline in rent.
Compared to the rest of the New York City market, the Two Bridges region has lower rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 83 listings have been posted online, so you'll want to check back regularly for new listings. About 4% of the available leases in the Two Bridges 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 1,800 sqft. Most properties in this region are approximately 6 stories. Most buildings in this area were built in 1910.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this region. Commute by taxi is the most popular way to get to work amongst Two Bridges folk. Commuting close to 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 Two Bridges.
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