The typical asking rate per listing is in the $40's per square foot per year. The Prospect Lefferts Gardens region is going through a a boost in rates. In the last 3 months, the median rate increased $44 per sqft per year.
Compared to the rest of the New York City market, the Prospect Lefferts Gardens submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 4 listings have been posted online, which means office spaces are probably going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 7,250 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are approximately 3 floors. Most buildings in this region were built in 1931 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Prospect Lefferts Gardens residents. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.