The typical asking rate per listing is in the $120'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 $44 per sqft per year. That's a 53% rise in rent.
Compared to the rest of the New York City market, the Turtle Bay region has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 104 listings have been posted online, so you'll want to check back regularly for new listings. About 13% of the listings in the Turtle Bay 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 3,770 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are around 21 stories. Most buildings in this market were built in 1952 and are Class A.
This market is fairly equally mixed residential and commercial. Arts, entertainment, and restaurants are the dominant industries in this market. Commute by car is the most popular way to get to work amongst Turtle Bay folk. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.