The typical asking rate per listing is in the $50's per square foot per year. The Northwestern Queens submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 5% decline in rent.
Compared to the rest of the New York City market, the Northwestern Queens submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 112 listings have been made available, so you'll want to check back regularly for new listings. About 2% of the available leases in the Northwestern Queens are subleases, so you will probably have to focus your search on direct office leases. 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 4,320 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this market are around 2 floors. Most buildings in this market were built in 1934 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 motorcycle is the most popular way to get to work amongst Northwestern Queens occupants. Commuting approximately 10 minutes a day is the norm for those who opt to reside in this part of town.