Jamaica Office Space

Jamaica

Office Space Market Report

Number of Listings (last 90 days)
13
Median Rate ($/sqft/yr)
$42
Median Size (sqft)
750
As of: July 21, 2017

Jamaica Rates

On average, listings lease in the $40's per square foot per year. The Jamaica region is going through a a boost in rates. In the last 3 months, the median rate went up $42 per sqft per year.

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

Jamaica Listing Supply

In the last 90 days, 13 listings have been made available, which means office spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. About 15% of the office spaces in the Jamaica are subleases, so you might be able to snag a great spot on a short term. 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 750 sqft. Most buildings in this market are approximately 2 stories. Most buildings in this area 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 approximately 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