Most listings are in the $120's per square foot per year. The Turtle Bay region is experiencing a an increase in rates. In the last 3 months, the median rate went up $13 per sqft per year. That's a 12% increase in rent.
Compared to the rest of the New York City market, the Turtle Bay region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 114 listings have been posted online, so you'll want to check back regularly for new listings. About 83% of the available leases in the Turtle Bay are subleases, so you might be able to sign a shorter term by taking over a previous 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 3,360 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this market are approximately 21 stories. Most buildings in this area were built in 1952 and are Class A.
This market 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 residents. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.