On average, listings lease in the $30's per square foot per year. The Locust Valley region is going through a an increase in rates. In the last 3 months, the median rate rose $38 per sqft per year. That's a Inf% increase in rent.
In the last 90 days, 1 listings have come on the market, which means spaces most likley are 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.
The standard measurement for office space in this area is around 1,330 sqft. Most properties in this market are around 1 floors. Most buildings in this market were built in 1986.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Locust Valley occupants. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.