Most listings are in the $90's per square foot per year. The Downtown Flushing region is experiencing a an increase in rates. In the last 3 months, the median rate rose $15 per sqft per year. That's a 20% rise in rent.
Compared to the rest of the New York City market, the Downtown Flushing submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 4 listings have been listed, which means listings most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,590 sqft. Most properties in this area are around 3 floors. Most buildings in this region were built in 2002 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this region. Commute by motorcycle is the most popular way to get to work amongst Downtown Flushing occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.