On average, listings lease in the $40's per square foot per year. The Lake Success submarket is going through a a boost in rates. In the last 3 months, the median rate increased $42 per sqft per year.
In the last 90 days, 12 listings have been listed, which means new 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 4,700 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are approximately 2 floors. Most buildings in this region were built in 1970 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Lake Success folk. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.