On average, listings lease in the $30's per square foot per year. The Ridgewood submarket is seeing a an increase in rates. In the last 3 months, the median rate rose $40 per sqft per year.
Compared to the rest of the New York City market, the Ridgewood submarket has lower rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 20 listings have been posted online, which means office spaces most likley are going fast. You'll want to be prepared to make an offer immediately. About 35% of the available space in the Ridgewood 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 available, so finding a space for a small business might be tough.
Even though the median size is 14,000 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this region are approximately 2 floors. Most buildings in this area were built in 1954 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Ridgewood folk. Commuting around 15 minutes a day is the norm for those who opt to reside in this part of town.