Most listings are in the $40's per square foot per year. The Lake Success submarket is seeing a a rise in rates. In the last 3 months, the median rate increased $5 per sqft per year. That's a 12% rise in rent.
In the last 90 days, 4 listings have been posted online, which means leases are probably going fast. You'll want to be prepared to make an offer immediately. About 25% of the listings in the Lake Success 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 5,620 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are around 2 floors. Most buildings in this market were built in 1970 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Lake Success residents. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.