Most listings are in the $10's per square foot per year. The South Bronx submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $19 per sqft per year. That's a 49% decline in rent.
Compared to the rest of the New York City market, the South Bronx region has smaller rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 7 listings have been posted online, which means new listings most likley are going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 5,430 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are around 4 stories. Most buildings in this area were built in 1931 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this market. Most of the folk of South Bronx work from home. Commuting close to 10 minutes a day is the norm for those who opt to reside in this part of town.