On average, listings lease 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 rose $23 per sqft per year. That's a 29% rise in rent.
Compared to the rest of the New York City market, the Turtle Bay submarket has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 109 listings have been listed, so you'll want to check back regularly for new listings. About 14% of the available space 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 4,220 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are approximately 21 stories. Most buildings in this market 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 market. Commute by car is the most popular way to get to work amongst Turtle Bay occupants. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.