Most listings are in the $40's per square foot per year. The Rego Park region is experiencing a decline in rates. In the last 3 months, the median rate fell $28 per sqft per year. That's a 38% decline in rent.
Compared to the rest of the New York City market, the Rego Park region has less expensive rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 9 listings have been made available, which means new availabilities are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 1,780 sqft. Most buildings in this area are close to 2 floors. Most buildings in this area were built in 1964.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Rego Park residents. Commuting close to 10 minutes a day is the norm for those who opt to reside in this part of town.