Most listings are in the $70's per square foot per year. The Flushing submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $13 per sqft per year. That's a 14% decline in rent.
Compared to the rest of the New York City market, the Flushing region has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 9 listings have been made available, which means spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 33% of the office spaces in the Flushing are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,750 sqft. Most buildings in this region are approximately 3 stories. Most buildings in this area were built in 1988 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Flushing folk. Commuting around an hour a day is the norm for those who opt to reside in this part of town.