The typical asking rate per listing is in the $100's per square foot per year. The Turtle Bay submarket is seeing a a rise in rates. In the last 3 months, the median rate rose $4 per sqft per year. That's a 4% rise in rent.
Compared to the rest of the New York City market, the Turtle Bay submarket has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 114 listings have come on the market, so you'll want to check back regularly for new listings. About 19% of the available space in the Turtle Bay are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 4,680 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this region are approximately 21 floors. Most buildings in this market were built in 1952 and are Class A.
This market is fairly equally mixed residential and commercial. Arts, entertainment, and restaurants are the dominant industries in this region. Commute by car is the most popular way to get to work amongst Turtle Bay occupants. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.