On average, listings lease in the $30's per square foot per year. The West Bronx submarket is seeing a a rise in rates. In the last 3 months, the median rate increased $33 per sqft per year.
Compared to the rest of the New York City market, the West Bronx submarket has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 25 listings have been posted online, which means office spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 116% of the available space in the West Bronx are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 3,500 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are around 2 stories. Most buildings in this region were built in 1931 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this market. Commute by motorcycle is the most popular way to get to work amongst West Bronx folk. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.