Most listings are in the $40's per square foot per year. The Kew Gardens region is seeing a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 1% decrease in rent.
Compared to the rest of the New York City market, the Kew Gardens submarket has less expensive rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 2 listings have been listed, which means office spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 50% of the available space in the Kew Gardens are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 5,410 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this region are approximately 3 floors. Most buildings in this area were built in 1931 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this market. Commute by walking is the most popular way to get to work amongst Kew Gardens residents. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.