On average, listings lease in the $30's per square foot per year. The Hempstead region is going through a an increase in rates. In the last 3 months, the median rate rose $9 per sqft per year. That's a 34% increase in rent.
In the last 90 days, 2 listings have been listed, which means listings most likley are 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 800 sqft. Most buildings in this region are around 4 stories. Most buildings in this area 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 market. 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.