On average, listings lease in the $20's per square foot per year. The Riverdale submarket is experiencing a an increase in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 6% rise in rent.
In the last 90 days, 32 listings have come on the market, which means office spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 3,370 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are approximately 3 floors. Most buildings in this area 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 market. Commute by walking is the most popular way to get to work amongst Riverdale folk. Commuting approximately 15 minutes a day is the norm for those who opt to reside in this part of town.