Most listings are in the $40's per square foot per year. The Albemarle and Kenmore Terraces region is experiencing a a rise in rates. In the last 3 months, the median rate went up $46 per sqft per year.
Compared to the rest of the New York City market, the Albemarle and Kenmore Terraces submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 3 listings have been made available, which means spaces 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,500 sqft. Most buildings in this market are approximately 3 floors. Most buildings in this region were built in 1931.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Albemarle and Kenmore Terraces occupants. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.