On average, listings lease in the $20's per square foot per year. The Astoria region is seeing a an increase in rates. In the last 3 months, the median rate went up $22 per sqft per year.
Compared to the rest of the New York City market, the Astoria region has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 18 listings have been listed, which means leases might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 128% of the available leases in the Astoria 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 available, so finding a space for a small business might be tough.
Even though the median size is 3,000 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market are close to 2 floors. Most buildings in this area were built in 1945 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Astoria residents. Commuting approximately an hour and a half a day is the norm for those who opt to reside in this part of town.