On average, listings lease in the $30's per square foot per year. The Far Rockaway region is seeing a decrease in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 6% decrease in rent.
Compared to the rest of the New York City market, the Far Rockaway submarket has smaller rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 1 listings have been made available, which means new availabilities 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 4,000 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are around 2 floors. Most buildings in this market were built in 1967 and are Class A.
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.