Most listings are in the $30's per square foot per year. The Greenwood Heights submarket is seeing a decline in rates. In the last 3 months, the median rate fell $8 per sqft per year. That's a 18% decrease in rent.
Compared to the rest of the New York City market, the Greenwood Heights submarket has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 35 listings have come on the market, which means spaces might be going fast. You'll want to be prepared to make an offer immediately. About 6% of the available space in the Greenwood Heights are subleases, so you will probably have to consider a longer term lease. 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 10,750 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are around 6 floors. Most buildings in this area were built in 1956 and are Class A.
A large portion of this market is residential, but there's plenty of office_space. Professional services is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Greenwood Heights occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.