The typical asking rate per listing is in the $40's per square foot per year. The Rego Park submarket is experiencing a a rise in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 6% increase in rent.
Compared to the rest of the New York City market, the Rego Park region has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 8 listings have been posted online, which means spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,480 sqft. Most buildings in this region are approximately 2 floors. Most buildings in this area were built in 1975.
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 region. Commute by car is the most popular way to get to work amongst Rego Park residents. Commuting around 10 minutes a day is the norm for those who opt to reside in this part of town.