On average, listings lease in the $30's per square foot per year. The Springfield Gardens region is going through a a rise in rates. In the last 3 months, the median rate increased $3 per sqft per year. That's a 8% increase in rent.
Compared to the rest of the New York City market, the Springfield Gardens region has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 16 listings have been made available, which means new listings are probably 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 850 sqft. Most properties in this area are around 2 floors. Most buildings in this region were built in 1969 and are Class B.
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 market. Commute by walking is the most popular way to get to work amongst Springfield Gardens folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.