Most listings are in the $40's per square foot per year. The Kew Gardens submarket is experiencing a a boost in rates. In the last 3 months, the median rate rose $50 per sqft per year.
Compared to the rest of the New York City market, the Kew Gardens submarket has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 2 listings have come on the market, which means leases might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 150% of the available leases in the Kew Gardens 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 posted, so finding a space for a small business might be tough.
Even though the median size is 7,000 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are close to 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 area. Commute by walking is the most popular way to get to work amongst Kew Gardens residents. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.