Jamaica Office Space

Jamaica

Office Space Market Report

Number of Listings (last 90 days)
13
Median Rate ($/sqft/yr)
$42
Median Size (sqft)
30,000
As of: June 27, 2017

Jamaica Rates

The typical asking rate per listing is in the $40's per square foot per year. The Jamaica submarket is seeing a an increase in rates. In the last 3 months, the median rate increased $42 per sqft per year.

Compared to the rest of the New York City market, the Jamaica region has less expensive rates, so you should have no trouble finding a great deal in this discounted region.

Jamaica Listing Supply

In the last 90 days, 13 listings have been posted online, which means new listings most likley are going fast. You'll want to be prepared to make an offer immediately. About 31% of the available leases in the Jamaica 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.

Even though the median size is 30,000 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are approximately 2 stories. Most buildings in this market were built in 1936 and are Class B.

Jamaica Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this area. Most of the occupants of Jamaica work from home. Commuting close to 30 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 Jamaica.
Market Report

Market Data

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