The typical asking rate per listing is in the $30's per square foot per year. The Hempstead submarket is seeing a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 2% decline in rent.
In the last 90 days, 2 listings have been made available, which means new listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 250% of the listings in the Hempstead 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 800 sqft. Most buildings in this market are around 2 stories. Most buildings in this area were built in 1960 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Hempstead occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.