The typical asking rate per listing is in the $30's per square foot per year. The Springfield Gardens submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 12% decrease in rent.
Compared to the rest of the New York City market, the Springfield Gardens region has less expensive rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 14 listings have been posted online, which means new availabilities might be leasing quickly. You'll want to be prepared to make an offer immediately. About 14% of the office spaces in the Springfield Gardens are subleases, so you might be able to find a shorter term or below market rent. 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 1,370 sqft. Most buildings in this area are approximately 2 stories. Most buildings in this region were built in 1969 and are Class B.
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 market. Commute by walking is the most popular way to get to work amongst Springfield Gardens folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.