Most listings are in the $50's per square foot per year. The Coney Island region is experiencing a a rise in rates. In the last 3 months, the median rate increased $29 per sqft per year. That's a 97% rise in rent.
Compared to the rest of the New York City market, the Coney Island region has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 9 listings have been made available, which means new listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 5,000 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this region are approximately 2 stories. Most buildings in this market were built in 1931 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this area. Commute by bike is the most popular way to get to work amongst Coney Island residents. Commuting around 15 minutes a day is the norm for those who opt to reside in this part of town.