On average, listings lease in the $40's per square foot per year. The Northeastern Queens region is experiencing a decline in rates. In the last 3 months, the median rate decreased $7 per sqft per year. That's a 15% decrease in rent.
Compared to the rest of the New York City market, the Northeastern Queens submarket has less expensive rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 26 listings have been posted online, which means listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 4% of the listings in the Northeastern Queens are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 4,200 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are around 2 floors. Most buildings in this region were built in 1964 and are Class A.
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 market. Commute by public transit is the most popular way to get to work amongst Northeastern Queens folk. Commuting around 10 minutes a day is the norm for those who opt to reside in this part of town.