The typical asking rate per listing is in the $90's per square foot per year. The Turtle Bay submarket is seeing a an increase in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 3% increase in rent.
Compared to the rest of the New York City market, the Turtle Bay region has higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 114 listings have been posted online, so you'll want to check back regularly for new listings. About 14% of the office spaces in the Turtle Bay are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 4,220 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are around 21 floors. Most buildings in this region were built in 1952 and are Class A.
This area is fairly equally mixed residential and commercial. Arts, entertainment, and restaurants are the dominant industries in this area. Commute by car is the most popular way to get to work amongst Turtle Bay residents. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.