Compared to the rest of the New York City market, the North Slope submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 5 listings have been posted online, which means new availabilities might be leasing quickly. You'll want to be prepared to make an offer immediately. 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 2,750 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are around 3 floors. Most buildings in this region were built in 1920 and are Class B.
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 market. Commute by taxi is the most popular way to get to work amongst North Slope residents. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.