On average, listings lease in the $80's per square foot per year. The Downtown Flushing submarket is seeing a an increase in rates. In the last 3 months, the median rate increased $87 per sqft per year. That's a Inf% rise in rent.
Compared to the rest of the New York City market, the Downtown Flushing region has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 2 listings have been made available, which means office spaces 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 200 sqft. Most properties in this region are close to 3 floors. Most buildings in this area were built in 1988 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 folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.