On average, listings lease in the $60's per square foot per year. The Two Bridges region is experiencing a decline in rates. In the last 3 months, the median rate fell $10 per sqft per year. That's a 13% decrease in rent.
Compared to the rest of the New York City market, the Two Bridges region has higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 6 listings have come on the market, which means office spaces most likley are 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 posted, so finding a space for a small business might be tough.
Even though the median size is 5,000 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this market are approximately 6 stories. Most buildings in this area 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 region. Commute by taxi is the most popular way to get to work amongst Two Bridges residents. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.