Northwestern Queens Industrial

Northwestern Queens

Office Space Market Report

Number of Listings (last 90 days)
91
Median Rate ($/sqft/yr)
$35
Median Size (sqft)
3,000
As of: February 23, 2017

Northwestern Queens Rates

On average, listings lease in the $30's per square foot per year. The Northwestern Queens submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $19 per sqft per year. That's a 37% decline in rent.

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

Northwestern Queens Listing Supply

In the last 90 days, 87 listings have been made available, so you'll want to check back regularly for new listings. About 2% of the available space in the Northwestern Queens are subleases, so you will probably have to consider a longer term lease. 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 3,000 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this area are close to 2 stories. Most buildings in this area were built in 1935 and are Class A.

Northwestern Queens Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this area. Commute by motorcycle is the most popular way to get to work amongst Northwestern Queens residents. Commuting around 10 minutes 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 Northwestern Queens.
Market Report

Market Data

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