The typical asking rate per listing is in the $30's per square foot per year. The East Bronx region is going through a decrease in rates. In the last 3 months, the median rate fell $13 per sqft per year. That's a 27% decline in rent.
Compared to the rest of the New York City market, the East Bronx submarket has lower rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 15 listings have been made available, which means listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 7% of the office spaces in the East Bronx are subleases, so you will probably have to consider a longer term lease. 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 1,250 sqft. Most buildings in this market are around 2 stories. Most buildings in this market were built in 1947 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this market. Commute by car is the most popular way to get to work amongst East Bronx residents. Commuting around 10 minutes a day is the norm for those who opt to reside in this part of town.