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Most commerial real estate listings for lease are in the $50's per square foot per year. The Astoria submarket is seeing a an increase in rates. In the last 3 months, the median rate for lease rose $13 per sqft per year. That's a 28% rise in rent.
Compared to the rest of the New York City commercial real estate market, the Astoria submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 187 commercial real estate listings have come on the market, so you'll want to check back regularly for new listings. About 1% of the available commercial real estate leases in the Astoria are subleases, so you will probably have to focus your search on direct 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 size for office space in this area is around 1,700 sqft. Most buildings in this market are approximately 2 floors. Most buildings in this market were built around 1935 and are Class .
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Astoria folk. Commuting around an hour and a half 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 Astoria.
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