On average, listings lease in the $30's per square foot per year. The Greenwood Heights submarket is seeing a a rise in rates. In the last 3 months, the median rate rose $39 per sqft per year.
Compared to the rest of the New York City market, the Greenwood Heights region has smaller rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 46 listings have come on the market, so you'll want to check back regularly for new listings. About 65% of the available space in the Greenwood Heights are subleases, so you might be able to snag a great spot on a short term. 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 1,400 sqft. Most properties in this region are around 5 stories. Most buildings in this market were built in 1956 and are Class A.
A large portion of this area is residential, but there's plenty of office_space. Professional services is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Greenwood Heights residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.