On average, listings lease in the $20's per square foot per year. The Riverdale region is experiencing a an increase in rates. In the last 3 months, the median rate rose $2 per sqft per year. That's a 9% rise in rent.
In the last 90 days, 33 listings have been made available, which means new listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 6% of the listings in the Riverdale are subleases, so you will probably have to focus your search on direct office leases. 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 3,370 sqft, there are still 0 listings below 2,000 sqft. Most properties in this market are approximately 3 stories. Most buildings in this region were built in 1985 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Riverdale residents. Commuting around 15 minutes a day is the norm for those who opt to reside in this part of town.