Springfield Gardens Industrial

Springfield Gardens

Office Space Market Report

Number of Listings (last 90 days)
16
Median Rate ($/sqft/yr)
$32
Median Size (sqft)
940
As of: June 27, 2017

Springfield Gardens Rates

On average, listings lease in the $30's per square foot per year. The Springfield Gardens region is going through a an increase in rates. In the last 3 months, the median rate increased $32 per sqft per year.

Compared to the rest of the New York City market, the Springfield Gardens submarket has lower rates, so you should have no trouble finding a great deal in this undervalued region.

Springfield Gardens Listing Supply

In the last 90 days, 16 listings have been made available, which means leases most likley are going fast. You'll want to be prepared to make an offer immediately. About 6% of the office spaces in the Springfield Gardens are subleases, so you will probably have to focus your search on direct office leases. 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 940 sqft. Most buildings in this market are close to 2 stories. Most buildings in this area were built in 1969 and are Class C.

Springfield Gardens Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Springfield Gardens occupants. Commuting between 30 and 45 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 Springfield Gardens.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Springfield Gardens.
Research