Most listings are in the $60's per square foot per year. The Rego Park submarket is seeing a a boost in rates. In the last 3 months, the median rate went up $18 per sqft per year. That's a 41% increase in rent.
Compared to the rest of the New York City market, the Rego Park submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 4 listings have been listed, which means new availabilities might be leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,480 sqft. Most buildings in this area are approximately 2 floors. Most buildings in this region were built in 1964.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Rego Park residents. Commuting approximately 10 minutes a day is the norm for those who opt to reside in this part of town.