Most listings are in the $30's per square foot per year. The Long Island City region is going through a decline in rates. In the last 3 months, the median rate decreased $22 per sqft per year. That's a 41% decrease in rent.
Compared to the rest of the New York City market, the Long Island City submarket has less expensive rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 40 listings have been listed, which means spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 5% of the available space in the Long Island City are subleases, so you will probably have to consider a longer term lease. 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 2,500 sqft. Most buildings in this area are approximately 2 stories. Most buildings in this market were built in 1931 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Agriculture is the dominant industry in this region. Commute by motorcycle is the most popular way to get to work amongst Long Island City occupants. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.