On average, listings lease in the $40's per square foot per year. The Oaksterdam submarket is seeing a decline in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 8% decrease in rent.
In the last 90 days, 11 listings have been listed, which means new listings most likley are going fast. 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 2,070 sqft. Most buildings in this market are approximately 4 stories. Most buildings in this region were built in 1926 and are Class B.
This market is fairly equally mixed residential and commercial. Real estate is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Oaksterdam residents. Commuting close to 10 minutes a day is the norm for those who opt to reside in this part of town.