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Most commerial real estate listings for lease are in the $20's per square foot per year. The Sheepshead Bay region is going through a decline in rates. In the last 3 months, the median rate for lease fell $13 per sqft per year.
Compared to the rest of the New York City commercial real estate market, the Sheepshead Bay region has smaller rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 194 commercial real estate listings have come on the market, so you'll want to check back regularly for new listings. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard size for office space in this area is around 850 sqft. Most buildings in this region are around 2 stories. Most buildings in this area were built close to 1950 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Sheepshead Bay occupants. Commuting approximately an hour 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 Sheepshead Bay.
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