Compared to the rest of the New York City market, the South Bronx region has smaller rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 172 listings have been posted online, so you'll want to check back regularly for new listings. About 2% of the listings in the South Bronx are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 900 sqft. Most properties in this area are approximately 4 stories. Most buildings in this market were built in 1931 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this market. Most of the occupants of South Bronx work from home. 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 South Bronx.
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