On average, listings lease in the $70's per square foot per year. The East Shore region is experiencing a a rise in rates. In the last 3 months, the median rate went up $79 per sqft per year. That's a Inf% increase in rent.
Compared to the rest of the New York City market, the East Shore submarket has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 7 listings have been posted online, which means new availabilities most likley are 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.
Even though the median size is 15,000 sqft, there are still 0 listings below 2,000 sqft. Most properties in this market are around 2 stories. Most buildings in this area were built in 1952 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this market. Most of the residents of East Shore work from home. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.