On average, listings lease in the $50's per square foot per year. The Northwestern Queens region is seeing a a rise in rates. In the last 3 months, the median rate increased $2 per sqft per year. That's a 4% increase in rent.
Compared to the rest of the New York City market, the Northwestern Queens region has smaller rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 1447 listings have been posted online, so you'll want to check back regularly for new listings. About 9% of the available space in the Northwestern Queens 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.
Even though the median size is 3,000 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are close to 2 stories. 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. Arts, entertainment, and restaurants are the dominant industries in this area. Commute by motorcycle is the most popular way to get to work amongst Northwestern Queens folk. Commuting approximately 10 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 Northwestern Queens.
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