Most listings are in the $40's per square foot per year. The Rego Park submarket is seeing a a boost in rates. In the last 3 months, the median rate increased $48 per sqft per year.
Compared to the rest of the New York City market, the Rego Park region has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 8 listings have come on the market, which means office spaces might be going fast. You'll want to be prepared to make an offer immediately. About 25% of the office spaces in the Rego Park are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 2,700 sqft, there are still 0 listings below 2,000 sqft. Most properties in this market are approximately 2 stories. Most buildings in this region were built in 1975.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Rego Park residents. Commuting close to 10 minutes a day is the norm for those who opt to reside in this part of town.