Southeastern Queens Retail

Southeastern Queens

Office Space Market Report

Number of Listings (last 90 days)
32
Median Rate ($/sqft/yr)
$30
Median Size (sqft)
2,630
As of: February 23, 2017

Southeastern Queens Rates

The typical asking rate per listing is in the $30's per square foot per year. The Southeastern Queens submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 4% decline in rent.

Compared to the rest of the New York City market, the Southeastern Queens region has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.

Southeastern Queens Listing Supply

In the last 90 days, 31 listings have been posted online, which means new availabilities are probably going fast. You'll want to be prepared to make an offer immediately. About 6% of the available space in the Southeastern 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 2,630 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are approximately 2 floors. Most buildings in this region were built in 1940 and are Class B.

Southeastern Queens Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Southeastern Queens occupants. Commuting close to 15 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Southeastern Queens.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Southeastern Queens.
Research