Most listings are in the $50's per square foot per year. The Sunnyside submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 5% decrease in rent.
Compared to the rest of the New York City market, the Sunnyside submarket has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 15 listings have been listed, which means spaces might be going fast. You'll want to be prepared to make an offer immediately. 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 8,750 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are close to 3 floors. Most buildings in this area were built in 1931 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this area. Commute by motorcycle is the most popular way to get to work amongst Sunnyside occupants. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.