On average, listings lease in the $50's per square foot per year. The Two Bridges submarket is going through a decrease in rates. In the last 3 months, the median rate fell $12 per sqft per year. That's a 17% decrease in rent.
Compared to the rest of the New York City market, the Two Bridges submarket has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 83 listings have been listed, so you'll want to check back regularly for new listings. About 4% of the office spaces in the Two Bridges 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,800 sqft. Most properties in this region are around 6 floors. Most buildings in this market were built in 1910.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this market. Commute by taxi is the most popular way to get to work amongst Two Bridges folk. Commuting around 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 Two Bridges.
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