The typical asking rate per listing is in the $30's per square foot per year. The East Bronx submarket is seeing a a rise in rates. In the last 3 months, the median rate increased $34 per sqft per year.
Compared to the rest of the New York City market, the East Bronx region has lower rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 216 listings have come on the market, so you'll want to check back regularly for new listings. About 4% of the available leases in the East Bronx 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 1,250 sqft. Most buildings in this region are approximately 2 floors. Most buildings in this market were built in 1946 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this market. Commute by car is the most popular way to get to work amongst East Bronx residents. 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 East Bronx.
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