The typical asking rate per listing is in the $80's per square foot per year. The Turtle Bay submarket is going through a an increase in rates. In the last 3 months, the median rate went up $9 per sqft per year. That's a 12% increase in rent.
Compared to the rest of the New York City market, the Turtle Bay submarket has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 62 listings have been made available, so you'll want to check back regularly for new listings. About 40% of the office spaces in the Turtle Bay are subleases, so you might be able to find a shorter term or below market rent. 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 4,890 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are approximately 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 region. Commute by car is the most popular way to get to work amongst Turtle Bay folk. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.