The typical asking rate per listing is in the $10's per square foot per year. The East Shore submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $6 per sqft per year. That's a 29% decline in rent.
Compared to the rest of the New York City market, the East Shore region has lower rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 96 listings have been posted online, so you'll want to check back regularly for new listings. About 1% of the listings in the East Shore are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 2,000 sqft. Most buildings in this area are approximately 2 floors. Most buildings in this area were built in 1958 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this market. Most of the occupants of East Shore work from home. Commuting between 30 and 45 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 Shore.
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