Most listings are in the $30's per square foot per year. The Greenwood Heights submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $8 per sqft per year. That's a 18% decline in rent.
Compared to the rest of the New York City market, the Greenwood Heights region has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 35 listings have come on the market, which means leases might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 6% of the available leases in the Greenwood Heights are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 10,750 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are close to 6 stories. Most buildings in this area were built in 1956 and are Class A.
A large portion of this region 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 folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.