Most listings are in the $40's per square foot per year. The Astoria submarket is experiencing a an increase in rates. In the last 3 months, the median rate rose $24 per sqft per year. That's a 110% increase in rent.
Compared to the rest of the New York City market, the Astoria region has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 187 listings have been posted online, so you'll want to check back regularly for new listings. About 11% of the available leases in the Astoria are subleases, so you might be able to sign a shorter term by taking over a previous 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 2,000 sqft. Most buildings in this area are around 2 floors. Most buildings in this market were built in 1945 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Astoria occupants. Commuting approximately an hour and a half 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 Astoria.
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