On average, listings lease in the $40's per square foot per year. The Greenwood Heights region is going through a an increase in rates. In the last 3 months, the median rate rose $11 per sqft per year. That's a 29% rise in rent.
Compared to the rest of the New York City market, the Greenwood Heights region has smaller rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 46 listings have been posted online, so you'll want to check back regularly for new listings. About 4% of the office spaces in the Greenwood Heights are subleases, so you will probably have to consider a longer term lease. 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 4,420 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are around 5 floors. Most buildings in this region were built in 1956 and are Class A.
A large portion of this market is residential, but there's plenty of office_space. Professional services is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Greenwood Heights folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.