The typical asking rate per listing is in the $50's per square foot per year. The Coney Island submarket is seeing a an increase in rates. In the last 3 months, the median rate rose $38 per sqft per year. That's a 173% increase in rent.
Compared to the rest of the New York City market, the Coney Island submarket has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 7 listings have been posted online, which means spaces most likley are going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 19,300 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are close to 2 stories. Most buildings in this area were built in 1931 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this market. Commute by bike is the most popular way to get to work amongst Coney Island residents. Commuting close to 15 minutes a day is the norm for those who opt to reside in this part of town.