The typical asking rate per listing is in the $60's per square foot per year. The Two Bridges submarket is going through a decline in rates. In the last 3 months, the median rate fell $7 per sqft per year. That's a 10% decrease in rent.
Compared to the rest of the New York City market, the Two Bridges submarket has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 10 listings have been posted online, which means new availabilities are probably going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,000 sqft. Most properties in this area are approximately 6 floors. Most buildings in this market were built in 1910.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this area. Commute by taxi is the most popular way to get to work amongst Two Bridges folk. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.