College Point Industrial

College Point

Office Space Market Report

Number of Listings (last 90 days)
7
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
6,160
As of: December 8, 2016

College Point Rates

The typical asking rate per listing is in the $20's per square foot per year. The College Point region is going through a a rise in rates. In the last 3 months, the median rate rose $24 per sqft per year.

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

College Point Listing Supply

In the last 90 days, 7 listings have been made available, which means listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 14% of the available leases in the College Point 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 6,160 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this market are close to 3 floors. Most buildings in this region were built in 1961 and are Class B.

College Point Community

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 car is the most popular way to get to work amongst College Point residents. Commuting close to an hour 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 College Point.
Market Report

Market Data

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