On average, listings lease in the $30's per square foot per year. The Rockaway Peninsula region is going through a decrease in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 6% decline in rent.
Compared to the rest of the New York City market, the Rockaway Peninsula region has less expensive rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 1 listings have been made available, which means office spaces might be 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.
Even though the median size is 4,000 sqft, there are still 0 listings below 2,000 sqft. Most properties in this market are around 2 floors. Most buildings in this region were built in 1967 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst Rockaway Peninsula residents. Commuting close to an hour and a half a day is the norm for those who opt to reside in this part of town.