Prospect Lefferts Gardens Sublease

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Prospect Lefferts Gardens

Office Space Market Report

Number of Listings (last 90 days)
6
Median Rate ($/sqft/yr)
$73
Median Size (sqft)
44,410
As of: June 23, 2017

Prospect Lefferts Gardens Rates

On average, listings lease in the $70's per square foot per year. The Prospect Lefferts Gardens submarket is going through a an increase in rates. In the last 3 months, the median rate went up $73 per sqft per year.

Compared to the rest of the New York City market, the Prospect Lefferts Gardens submarket has higher rates, and you'll need to make a great offer to be in this hot region.

Prospect Lefferts Gardens Listing Supply

In the last 90 days, 6 listings have been posted online, which means leases most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 33% of the available space in the Prospect Lefferts Gardens are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

Even though the median size is 44,410 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are around 2 floors. Most buildings in this region were built in 1931 and are Class A.

Prospect Lefferts Gardens Community

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 market. Commute by walking is the most popular way to get to work amongst Prospect Lefferts Gardens occupants. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Prospect Lefferts Gardens.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Prospect Lefferts Gardens.
Research