Most listings are in the $30's per square foot per year. The West Bronx region is seeing a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 4% decline in rent.
Compared to the rest of the New York City market, the West Bronx submarket has lower rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 22 listings have been made available, which means listings might be 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 5,500 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are approximately 2 floors. Most buildings in this region 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. Public administration is the dominant industry in this market. Commute by motorcycle is the most popular way to get to work amongst West Bronx occupants. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.