Homecrest Retail

Homecrest

Office Space Market Report

Number of Listings (last 90 days)
5
Median Rate ($/sqft/yr)
$37
Median Size (sqft)
1,700
As of: February 21, 2017

Homecrest Rates

The typical asking rate per listing is in the $30's per square foot per year. The Homecrest region is seeing a an increase in rates. In the last 3 months, the median rate went up $7 per sqft per year. That's a 25% increase in rent.

Compared to the rest of the New York City market, the Homecrest submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.

Homecrest Listing Supply

In the last 90 days, 7 listings have come on the market, which means listings are probably going fast. 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 1,700 sqft. Most properties in this market are around 2 stories. Most buildings in this region were built in 1988 and are Class A.

Homecrest Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this market. Commute by public transit is the most popular way to get to work amongst Homecrest folk. Commuting approximately 15 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Homecrest.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Homecrest.
Research