The typical asking rate per listing is in the $10's per square foot per year. The New Dorp region is experiencing a decline in rates. In the last 3 months, the median rate fell $6 per sqft per year. That's a 29% decline in rent.
Compared to the rest of the New York City market, the New Dorp region has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 21 listings have been posted online, which means new listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 5% of the available leases in the New Dorp are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,000 sqft. Most properties in this region are close to 2 stories. Most buildings in this area were built in 1964 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst New Dorp folk. Commuting between 30 and 45 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 New Dorp.
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