On average, listings lease in the $20's per square foot per year. The Riverdale submarket is experiencing a a boost in rates. In the last 3 months, the median rate rose $2 per sqft per year. That's a 9% increase in rent.
In the last 90 days, 33 listings have been listed, which means office spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 6% of the available leases in the Riverdale 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 on the market, 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 region are approximately 3 floors. Most buildings in this region 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 residents. Commuting around 15 minutes a day is the norm for those who opt to reside in this part of town.