Flushing Retail

Flushing

Office Space Market Report

Number of Listings (last 90 days)
9
Median Rate ($/sqft/yr)
$78
Median Size (sqft)
1,750
As of: August 18, 2017

Flushing Rates

The typical asking rate per listing is in the $70's per square foot per year. The Flushing region is going through a decline in rates. In the last 3 months, the median rate decreased $13 per sqft per year. That's a 14% decline in rent.

Compared to the rest of the New York City market, the Flushing region has higher rates, and you'll need to make a great offer to be in this hot submarket.

Flushing Listing Supply

In the last 90 days, 9 listings have been posted online, which means new availabilities might be going fast. You'll want to be prepared to make an offer immediately. About 56% of the office spaces in the Flushing 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.

The standard measurement for office space in this area is around 1,750 sqft. Most buildings in this area are around 3 stories. Most buildings in this area were built in 1988 and are Class A.

Flushing Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Flushing folk. Commuting approximately an hour 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 Flushing.
Market Report

Market Data

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