On average, listings lease in the $40's per square foot per year. The North New Hyde Park submarket is experiencing a an increase in rates. In the last 3 months, the median rate increased $44 per sqft per year.
In the last 90 days, 2 listings have come on the market, which means new listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. 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 13,880 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this area are around 3 stories. Most buildings in this market were built in 1981 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this region. Most of the folk of North New Hyde Park work from home. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.