Most listings are in the $30's per square foot per year. The Jericho region is seeing a decrease in rates. In the last 3 months, the median rate decreased $9 per sqft per year. That's a 22% decline in rent.
In the last 90 days, 0 listings have been posted online, which means new listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About Inf% of the office spaces in the Jericho are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 8,530 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are close to 3 stories. Most buildings in this region were built in 1980 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Company management is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Jericho folk. Commuting approximately an hour and a half a day is the norm for those who opt to reside in this part of town.