The typical asking rate per listing is in the $40's per square foot per year. The Rego Park submarket is experiencing a an increase in rates. In the last 3 months, the median rate rose $48 per sqft per year.
Compared to the rest of the New York City market, the Rego Park region has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 87 listings have been posted online, so you'll want to check back regularly for new listings. About 1% of the listings in the Rego Park 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 2,700 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are around 2 floors. Most buildings in this region were built in 1964 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Rego Park 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 Rego Park.
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