Most listings are in the $100's per square foot per year. The Albemarle and Kenmore Terraces submarket is going through a an increase in rates. In the last 3 months, the median rate rose $15 per sqft per year. That's a 18% increase in rent.
Compared to the rest of the New York City market, the Albemarle and Kenmore Terraces region has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 1 listings have been listed, which means new listings might be going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,100 sqft.
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 area. Commute by car is the most popular way to get to work amongst Albemarle and Kenmore Terraces residents. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.