The typical asking rate per listing is in the $0's per square foot per year. The Hempstead submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $36 per sqft per year. That's a 100% decline in rent.
In the last 90 days, 2 listings have been posted online, which means leases 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 posted, so finding a space for a small business might be tough.
Even though the median size is 15,000 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this region are approximately 4 floors. Most buildings in this market were built in 1960 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Hempstead folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.