On average, listings lease in the $40's per square foot per year. The Prospect Lefferts Gardens region is experiencing a an increase in rates. In the last 3 months, the median rate rose $44 per sqft per year.
Compared to the rest of the New York City market, the Prospect Lefferts Gardens submarket has lower rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 4 listings have been posted online, which means spaces are probably going fast. 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.
Even though the median size is 7,250 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this market are around 3 floors. Most buildings in this area were built in 1931 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Prospect Lefferts Gardens folk. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.