The typical asking rate per listing is in the $20's per square foot per year. The Coney Island submarket is seeing a an increase in rates. In the last 3 months, the median rate increased $21 per sqft per year.
Compared to the rest of the New York City market, the Coney Island region has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 5 listings have been made available, which means new availabilities might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 40% of the available space in the Coney Island are subleases, so you might be able to snag a great spot on a short term. 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 3,000 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are close to 2 floors. Most buildings in this area were built in 1931 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this market. Commute by bike is the most popular way to get to work amongst Coney Island occupants. Commuting around 15 minutes a day is the norm for those who opt to reside in this part of town.