The typical asking rate per listing is in the $100's per square foot per year. The Turtle Bay region is experiencing a a boost in rates. In the last 3 months, the median rate increased $4 per sqft per year. That's a 4% rise in rent.
Compared to the rest of the New York City market, the Turtle Bay submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 114 listings have been posted online, so you'll want to check back regularly for new listings. About 19% of the listings in the Turtle Bay are subleases, so you might be able to find a shorter term or below market rent. 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 4,680 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are approximately 21 floors. Most buildings in this area were built in 1952 and are Class A.
This area is fairly equally mixed residential and commercial. Arts, entertainment, and restaurants are the dominant industries in this region. Commute by car is the most popular way to get to work amongst Turtle Bay occupants. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.