On average, listings lease in the $20's per square foot per year. The East Farmingdale region is seeing a decrease in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 10% decrease in rent.
In the last 90 days, 7 listings have come on the market, which means office spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 14% of the available space in the East Farmingdale 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 available, so finding a space for a small business might be tough.
Even though the median size is 3,130 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are close to 1 stories. Most buildings in this area were built in 1963 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this area. Commute by taxi is the most popular way to get to work amongst East Farmingdale folk. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.