Northwestern Queens Retail

Northwestern Queens

Office Space Market Report

Number of Listings (last 90 days)
105
Median Rate ($/sqft/yr)
$46
Median Size (sqft)
3,000
As of: March 29, 2017

Northwestern Queens Rates

Most listings are in the $30's per square foot per year. The Northwestern Queens submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $13 per sqft per year. That's a 26% decline in rent.

Compared to the rest of the New York City market, the Northwestern Queens region has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.

Northwestern Queens Listing Supply

In the last 90 days, 105 listings have come on the market, so you'll want to check back regularly for new listings. About 2% of the listings in the Northwestern Queens are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 2,500 sqft. Most properties in this market are around 2 floors. Most buildings in this area were built in 1935 and are Class A.

Northwestern Queens Community

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 region. Commute by motorcycle is the most popular way to get to work amongst Northwestern Queens residents. Commuting around 10 minutes 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 Northwestern Queens.
Market Report

Market Data

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