Downtown Flushing Sublease

Downtown Flushing

Office Space Market Report

Number of Listings (last 90 days)
4
Median Rate ($/sqft/yr)
$78
Median Size (sqft)
1,830
As of: August 17, 2017

Downtown Flushing Rates

The typical asking rate per listing is in the $70's per square foot per year. The Downtown Flushing region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $13 per sqft per year. That's a 14% decrease in rent.

Compared to the rest of the New York City market, the Downtown Flushing region has higher rates, and you'll need to pay a premium to be in this hot submarket.

Downtown Flushing Listing Supply

In the last 90 days, 4 listings have been made available, which means new availabilities are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 50% of the available space in the Downtown Flushing are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,830 sqft. Most properties in this region are around 3 stories. 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 market. Commute by motorcycle is the most popular way to get to work amongst Downtown Flushing folk. 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