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The typical asking rate per commerial real estate listing leases is in the $60's per square foot per year. The Flushing region is going through a decrease in rates. In the last 3 months, the median rate for lease fell $17 per sqft per year.
Compared to the rest of the New York City commercial real estate market, the Flushing region has smaller rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 278 commercial real estate listings have been made available, so you'll want to check back regularly for new listings. About 0% of the commercial real estate listings in the Flushing 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.
The standard size for office space in this area is around 300 sqft. Most buildings in this region are approximately 3 floors. Most buildings in this area were built around 1987 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 area. 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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