Far Rockaway Office Space

Far Rockaway

Office Space Market Report

Number of Listings (last 90 days)
1
Median Rate ($/sqft/yr)
$32
Median Size (sqft)
4,000
As of: February 26, 2017

Far Rockaway Rates

Most listings are in the $30's per square foot per year. The Far Rockaway region is experiencing a decline in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 6% decline in rent.

Compared to the rest of the New York City market, the Far Rockaway region has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.

Far Rockaway Listing Supply

In the last 90 days, 1 listings have been made available, which means new availabilities most likley are leasing quickly. You'll want to be prepared to make an offer immediately. 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 4,000 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are approximately 2 stories. Most buildings in this area were built in 1967 and are Class A.

Far Rockaway Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this market. Most of the folk of Far Rockaway work from home. Commuting between 30 and 45 minutes 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 Far Rockaway.
Market Report

Market Data

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