On average, listings lease in the $40's per square foot per year. The Rego Park submarket is seeing a an increase in rates. In the last 3 months, the median rate went up $48 per sqft per year.
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 undervalued region.
In the last 90 days, 8 listings have been listed, which means leases most likley are leasing quickly. You'll want to be prepared to make an offer immediately. 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 2,700 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are around 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 occupants. Commuting approximately 10 minutes a day is the norm for those who opt to reside in this part of town.