The typical asking rate per listing is in the $30's per square foot per year. The West Bronx region is going through a decline in rates. In the last 3 months, the median rate fell $9 per sqft per year. That's a 22% decrease in rent.
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 depreciated region.
In the last 90 days, 33 listings have been posted online, which means listings might be leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,600 sqft. Most properties in this region are close to 2 floors. Most buildings in this area 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 approximately 30 minutes a day is the norm for those who opt to reside in this part of town.