On average, listings lease in the $90's per square foot per year. The Downtown Flushing submarket is experiencing a a boost in rates. In the last 3 months, the median rate went up $15 per sqft per year. That's a 20% rise in rent.
Compared to the rest of the New York City market, the Downtown Flushing submarket has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 4 listings have been posted online, which means office spaces might be going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,590 sqft. Most buildings in this region are close to 3 stories. Most buildings in this market were built in 2002 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this market. Commute by motorcycle is the most popular way to get to work amongst Downtown Flushing occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.