Northwestern Queens Office Space

Northwestern Queens

Office Space Market Report

Number of Listings (last 90 days)
111
Median Rate ($/sqft/yr)
$50
Median Size (sqft)
3,130
As of: January 21, 2017

Northwestern Queens Rates

The typical asking rate per listing is in the $50's per square foot per year. The Northwestern Queens region is experiencing a decline in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 5% decrease in rent.

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

Northwestern Queens Listing Supply

In the last 90 days, 111 listings have been made available, so you'll want to check back regularly for new listings. About 3% of the office spaces in the Northwestern 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 posted, so finding a space for a small business might be tough.

Even though the median size is 3,130 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are approximately 2 stories. Most buildings in this region were built in 1934 and are Class A.

Northwestern Queens Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this area. Commute by motorcycle is the most popular way to get to work amongst Northwestern Queens folk. Commuting close to 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 Northwestern Queens.
Market Report

Market Data

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