On average, listings lease in the $50's per square foot per year. The North Slope submarket is experiencing a a boost in rates. In the last 3 months, the median rate increased $58 per sqft per year.
Compared to the rest of the New York City market, the North Slope submarket has less expensive rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 5 listings have been listed, which means spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. About 120% of the listings in the North Slope 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 660 sqft. Most properties in this market are approximately 3 floors. Most buildings in this market were built in 1920 and are Class C.
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 taxi is the most popular way to get to work amongst North Slope residents. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.