On average, listings lease in the $40's per square foot per year. The Rego Park region is going through a an increase in rates. In the last 3 months, the median rate went up $48 per sqft per year.
Compared to the rest of the New York City market, the Rego Park submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 87 listings have come on the market, so you'll want to check back regularly for new listings. About 2% of the office spaces in the Rego Park are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 2,700 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are around 2 stories. Most buildings in this market were built in 1964 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Rego Park occupants. 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 Rego Park.
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