The typical asking rate per listing is in the $0's per square foot per year. The South Bronx region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $19 per sqft per year. That's a 100% decrease in rent.
In the last 90 days, 7 listings have been listed, which means 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.
Even though the median size is 5,450 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are close to 4 stories. Most buildings in this market 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 residents of South Bronx work from home. Commuting approximately 10 minutes a day is the norm for those who opt to reside in this part of town.