The typical asking rate per listing is in the $50's per square foot per year. The Maspeth region is going through a an increase in rates. In the last 3 months, the median rate increased $26 per sqft per year. That's a 100% rise in rent.
Compared to the rest of the New York City market, the Maspeth submarket has less expensive rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 87 listings have been made available, so you'll want to check back regularly for new listings. About 5% of the available leases in the Maspeth are subleases, so you will probably have to consider a longer term lease. 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 2,250 sqft. Most buildings in this market are close to 1 floors. Most buildings in this area were built in 1956.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this region. Commute by motorcycle is the most popular way to get to work amongst Maspeth occupants. Commuting more than 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 Maspeth.
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