The typical asking rate per listing is in the $20's per square foot per year. The Coney Island submarket is experiencing a a rise in rates. In the last 3 months, the median rate increased $21 per sqft per year.
Compared to the rest of the New York City market, the Coney Island region has smaller rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 49 listings have been listed, so you'll want to check back regularly for new listings. About 4% of the available leases in the Coney Island 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 3,000 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are approximately 2 stories. Most buildings in this region were built in 1931 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this area. Commute by bike is the most popular way to get to work amongst Coney Island residents. Commuting close to 15 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 Coney Island.
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