On average, listings lease in the $20's per square foot per year. The Riverdale submarket is going through a decrease in rates. In the last 3 months, the median rate fell $32 per sqft per year. That's a 55% decline in rent.
In the last 90 days, 33 listings have been made available, 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 6,060 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this area are approximately 3 floors. Most buildings in this region were built in 1991 and are Class B.
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 area. Commute by walking is the most popular way to get to work amongst Riverdale residents. Commuting around 15 minutes a day is the norm for those who opt to reside in this part of town.