Downtown Flushing Sublease

Downtown Flushing

Office Space Market Report

Number of Listings (last 90 days)
4
Median Rate ($/sqft/yr)
$91
Median Size (sqft)
1,590
As of: June 24, 2017

Downtown Flushing Rates

Most listings are in the $90's per square foot per year. The Downtown Flushing submarket is seeing a a rise in rates. In the last 3 months, the median rate increased $91 per sqft per year.

Compared to the rest of the New York City market, the Downtown Flushing region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Downtown Flushing Listing Supply

In the last 90 days, 4 listings have been posted online, which means listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 175% of the listings in the Downtown Flushing 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 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 properties in this market are approximately 3 floors. Most buildings in this area were built in 2002 and are Class A.

Downtown Flushing Community

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 region. Commute by motorcycle is the most popular way to get to work amongst Downtown Flushing residents. Commuting between 30 and 45 minutes 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 Downtown Flushing.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Downtown Flushing.
Research