Most listings are in the $70's per square foot per year. The Prospect Heights submarket is experiencing a an increase in rates. In the last 3 months, the median rate rose $13 per sqft per year. That's a 21% rise in rent.
Compared to the rest of the New York City market, the Prospect Heights region has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 8 listings have been posted online, which means leases are probably going fast. You'll want to be prepared to make an offer immediately. About 13% of the office spaces in the Prospect Heights 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.
Even though the median size is 12,880 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are approximately 4 floors. Most buildings in this region were built in 1931.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this market. Commute by walking is the most popular way to get to work amongst Prospect Heights folk. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.