Most listings are in the $110's per square foot per year. The Turtle Bay submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 1% decline in rent.
Compared to the rest of the New York City market, the Turtle Bay region has higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 114 listings have been listed, so you'll want to check back regularly for new listings. About 68% of the office spaces in the Turtle Bay are subleases, so you might be able to snag a great spot on a short term. 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 2,840 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are around 21 floors. Most buildings in this market were built in 1951 and are Class A.
This market is fairly equally mixed residential and commercial. Arts, entertainment, and restaurants are the dominant industries in this area. Commute by car is the most popular way to get to work amongst Turtle Bay residents. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.