Most listings are in the $10's per square foot per year. The East Farmingdale submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $0 per sqft per year. That's a 0% decline in rent.
In the last 90 days, 10 listings have been made available, which means office spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 20% of the available leases in the East Farmingdale are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 9,500 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are approximately 1 stories. Most buildings in this region were built in 1985 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this market. Commute by taxi is the most popular way to get to work amongst East Farmingdale folk. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.