Astoria Industrial

Astoria

Office Space Market Report

Number of Listings (last 90 days)
18
Median Rate ($/sqft/yr)
$59
Median Size (sqft)
2,130
As of: March 30, 2017

Astoria Rates

On average, listings lease in the $50's per square foot per year. The Astoria submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $10 per sqft per year. That's a 16% decline in rent.

Compared to the rest of the New York City market, the Astoria region has less expensive rates, so you should have no trouble finding a great deal in this depreciated region.

Astoria Listing Supply

In the last 90 days, 18 listings have been posted online, which means new availabilities might be leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,270 sqft. Most buildings in this area are approximately 2 floors. Most buildings in this area were built in 1945 and are Class A.

Astoria Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Astoria folk. Commuting around an hour and a half a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Astoria.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Astoria.
Research