Astoria Office Space

Astoria

Office Space Market Report

Number of Listings (last 90 days)
18
Median Rate ($/sqft/yr)
$22
Median Size (sqft)
2,130
As of: July 26, 2017

Astoria Rates

The typical asking rate per listing is in the $20's per square foot per year. The Astoria region is experiencing a decline in rates. In the last 3 months, the median rate decreased $42 per sqft per year. That's a 66% decline in rent.

Compared to the rest of the New York City market, the Astoria submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.

Astoria Listing Supply

In the last 90 days, 18 listings have been listed, which means leases most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 122% of the available space in the Astoria are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,130 sqft. Most properties in this market are around 2 floors. Most buildings in this region were built in 1945 and are Class A.

Astoria Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Astoria residents. Commuting close to an hour and a half a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Astoria.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Astoria.
Research