Northeastern Queens Office Space

Northeastern Queens

Office Space Market Report

Number of Listings (last 90 days)
34
Median Rate ($/sqft/yr)
$49
Median Size (sqft)
5,410
As of: July 23, 2017

Northeastern Queens Rates

Most listings are in the $40's per square foot per year. The Northeastern Queens submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $29 per sqft per year. That's a 37% decrease in rent.

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

Northeastern Queens Listing Supply

In the last 90 days, 34 listings have come on the market, which means leases are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 53% of the available leases in the Northeastern Queens 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 posted, so finding a space for a small business might be tough.

Even though the median size is 5,630 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are around 2 stories. Most buildings in this region were built in 1968 and are Class A.

Northeastern Queens Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Northeastern Queens residents. Commuting around 10 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 Northeastern Queens.
Market Report

Market Data

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