On average, listings lease in the $80's per square foot per year. The Flushing region is experiencing a a boost in rates. In the last 3 months, the median rate increased $5 per sqft per year. That's a 6% increase in rent.
Compared to the rest of the New York City market, the Flushing submarket has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 278 listings have been posted online, so you'll want to check back regularly for new listings. About 4% of the available leases in the Flushing are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 close to 3 stories. Most buildings in this market were built in 1988 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Flushing folk. Commuting approximately 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 Flushing.
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