On average, listings lease in the $0's per square foot per year. The Morningside - Lenox Park region is seeing a decline in rates. In the last 3 months, the median rate decreased $32 per sqft per year. That's a 100% decline in rent.
In the last 90 days, 4 listings have been posted online, which means new availabilities are probably leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,790 sqft. Most properties in this area are close to 2 floors. Most buildings in this area were built in 1955 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 market. Commute by walking is the most popular way to get to work amongst Morningside - Lenox Park folk. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.