On average, listings lease in the $70's per square foot per year. The Two Bridges submarket is experiencing a a boost in rates. In the last 3 months, the median rate rose $10 per sqft per year. That's a 16% rise in rent.
Compared to the rest of the New York City market, the Two Bridges region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 7 listings have come on the market, which means spaces are probably leasing quickly. 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 properties in this region 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 occupants. Commuting around an hour a day is the norm for those who opt to reside in this part of town.