The typical asking rate per listing is in the $50's per square foot per year. The Astoria submarket is going through a an increase in rates. In the last 3 months, the median rate increased $7 per sqft per year. That's a 15% increase in rent.
Compared to the rest of the New York City market, the Astoria submarket has less expensive rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 187 listings have been listed, so you'll want to check back regularly for new listings. About 13% of the available space in the Astoria are subleases, so you might be able to find a shorter term or below market rent. 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 1,700 sqft. Most properties in this market are close to 2 floors. Most buildings in this market were built in 1938 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 area. Commute by walking is the most popular way to get to work amongst Astoria folk. 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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