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Most commerial real estate listings for lease are in the $20's per square foot per year. The Kensington region is experiencing a decline in rates. In the last 3 months, the median rate for lease fell $8 per sqft per year.
Compared to the rest of the New York City commercial real estate market, the Kensington region has less expensive rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 23 commercial real estate listings have come on the market, which means listings most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard size for office space in this area is around 1,400 sqft. Most properties in this region are close to 3 floors. Most buildings in this area were built approximately 1933 and are Class .
Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this market. Commute by motorcycle is the most popular way to get to work amongst Kensington residents. Commuting around 15 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 Kensington.
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