The typical asking rate per listing is in the $50's per square foot per year. The Long Island City region is seeing a an increase in rates. In the last 3 months, the median rate went up $13 per sqft per year. That's a 31% rise in rent.
Compared to the rest of the New York City market, the Long Island City submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 27 listings have come on the market, which means new availabilities might be 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 posted, so finding a space for a small business might be tough.
Even though the median size is 8,000 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this area are approximately 2 stories. Most buildings in this region were built in 1930 and are Class B.
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 area. Commute by motorcycle is the most popular way to get to work amongst Long Island City residents. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.