Most listings are in the $20's per square foot per year. The Riverdale submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 16% decline in rent.
In the last 90 days, 16 listings have come on the market, which means office spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. About 6% of the office spaces in the Riverdale 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.
Even though the median size is 2,570 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are approximately 3 floors. Most buildings in this market were built in 1985 and are Class B.
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 region. Commute by walking is the most popular way to get to work amongst Riverdale residents. Commuting approximately 15 minutes a day is the norm for those who opt to reside in this part of town.