Jamaica Sublease

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Jamaica

Office Space Market Report

Number of Listings (last 90 days)
13
Median Rate ($/sqft/yr)
$42
Median Size (sqft)
750
As of: July 25, 2017

Jamaica Rates

On average, listings lease in the $40's per square foot per year. The Jamaica region is going through a an increase in rates. In the last 3 months, the median rate rose $42 per sqft per year.

Compared to the rest of the New York City market, the Jamaica submarket has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.

Jamaica Listing Supply

In the last 90 days, 13 listings have been made available, which means office spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 23% of the office spaces in the Jamaica 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.

The standard measurement for office space in this area is around 750 sqft. Most properties in this area are close to 2 floors. Most buildings in this area were built in 1936 and are Class B.

Jamaica 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. Most of the occupants of Jamaica work from home. Commuting around 30 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 Jamaica.
Market Report

Market Data

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