The typical asking rate per listing is in the $40's per square foot per year. The Jamaica region is experiencing a a boost in rates. In the last 3 months, the median rate went up $20 per sqft per year. That's a 75% rise in rent.
Compared to the rest of the New York City market, the Jamaica region has smaller rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 13 listings have been posted online, which means new listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 5,650 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are close to 2 floors. Most buildings in this market were built in 1935 and are Class B.
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 residents of Jamaica work from home. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.