The typical asking rate per listing is in the $10's per square foot per year. The East Farmingdale region is experiencing a decline in rates. In the last 3 months, the median rate decreased $8 per sqft per year. That's a 29% decline in rent.
In the last 90 days, 15 listings have come on the market, which means spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. About 20% of the office spaces in the East Farmingdale are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 6,400 sqft, there are still 0 listings below 2,000 sqft. Most properties in this market are around 1 floors. Most buildings in this market were built in 1985 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this market. Commute by taxi is the most popular way to get to work amongst East Farmingdale folk. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.