The typical asking rate per listing is in the $40's per square foot per year. The Kew Gardens submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 1% decline in rent.
Compared to the rest of the New York City market, the Kew Gardens region has smaller rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 2 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 50% of the available space in the Kew Gardens 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 available, so finding a space for a small business might be tough.
Even though the median size is 5,410 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this market are approximately 3 floors. Most buildings in this market were built in 1931 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this area. Commute by walking is the most popular way to get to work amongst Kew Gardens folk. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.