Most listings are in the $20's per square foot per year. The Cypress Hills submarket is going through a an increase in rates. In the last 3 months, the median rate rose $21 per sqft per year.
Compared to the rest of the New York City market, the Cypress Hills submarket has less expensive rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 1 listings have been listed, which means new 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 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 listings below 2,000 sqft. Most properties 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 region. Commute by bike is the most popular way to get to work amongst Cypress Hills occupants. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.