The typical asking rate per listing is in the $20's per square foot per year. The Cypress Hills region is experiencing a a rise in rates. In the last 3 months, the median rate increased $21 per sqft per year.
Compared to the rest of the New York City market, the Cypress Hills submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 1 listings have been made available, which means spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 100% of the available space in the Cypress Hills 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 posted, so finding a space for a small business might be tough.
Even though the median size is 3,000 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this market are close to 2 stories. Most buildings in this region were built in 1930.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Company management is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst Cypress Hills folk. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.