On average, listings lease in the $30's per square foot per year. The East Bronx region is experiencing a a rise in rates. In the last 3 months, the median rate went up $34 per sqft per year.
Compared to the rest of the New York City market, the East Bronx region has smaller rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 216 listings have been listed, so you'll want to check back regularly for new listings. About 10% of the available space in the East Bronx are subleases, so you will probably have to focus your search on direct office leases. 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 measurement for office space in this area is around 1,250 sqft. Most buildings in this area are around 2 floors. Most buildings in this region were built in 1946 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this region. Commute by car is the most popular way to get to work amongst East Bronx 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 East Bronx.
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