On average, listings lease in the $10's per square foot per year. The Coram region is experiencing a decrease in rates. In the last 3 months, the median rate fell $16 per sqft per year. That's a 46% decrease in rent.
In the last 90 days, 4 listings have been made available, 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.
The standard measurement for office space in this area is around 2,300 sqft. Most properties in this market are approximately 1 stories. Most buildings in this area were built in 1977 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 area. Commute by walking is the most popular way to get to work amongst Coram folk. Commuting approximately 10 minutes a day is the norm for those who opt to reside in this part of town.