On average, listings lease in the $90's per square foot per year. The Flushing region is going through a an increase in rates. In the last 3 months, the median rate went up $15 per sqft per year. That's a 20% rise in rent.
Compared to the rest of the New York City market, the Flushing submarket has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 9 listings have come on the market, which means listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,820 sqft. Most buildings in this market are close to 3 stories. Most buildings in this region were built in 1992 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 area. Commute by walking is the most popular way to get to work amongst Flushing folk. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.