On average, listings lease in the $30's per square foot per year. The Greenwood Heights region is going through a decline in rates. In the last 3 months, the median rate decreased $9 per sqft per year. That's a 19% decline in rent.
Compared to the rest of the New York City market, the Greenwood Heights submarket has smaller rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 46 listings have been posted online, so you'll want to check back regularly for new listings. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,430 sqft. Most buildings in this region are around 5 floors. Most buildings in this region were built in 1956 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Professional services is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Greenwood Heights residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.