Far Rockaway Office Space

Far Rockaway

Office Space Market Report

Number of Listings (last 90 days)
4
Median Rate ($/sqft/yr)
$34
Median Size (sqft)
3,750
As of: December 2, 2016

Far Rockaway Rates

The typical asking rate per listing is in the $30's per square foot per year. The Far Rockaway region is experiencing a an increase in rates. In the last 3 months, the median rate rose $34 per sqft per year. That's a Inf% increase 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 depreciated submarket.

Far Rockaway Listing Supply

In the last 90 days, 4 listings have come on the market, which means spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

Even though the median size is 3,750 sqft, there are still 0 listings below 2,000 sqft. Most properties in this market are approximately 2 stories. Most buildings in this region 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 area. Most of the residents 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