Maspeth Sublease

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Maspeth

Office Space Market Report

Number of Listings (last 90 days)
5
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
25,600
As of: December 2, 2016

Maspeth Rates

The typical asking rate per listing is in the $20's per square foot per year. The Maspeth region is seeing a decline in rates. In the last 3 months, the median rate decreased $18 per sqft per year. That's a 44% decline in rent.

Compared to the rest of the New York City market, the Maspeth region has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.

Maspeth Listing Supply

In the last 90 days, 5 listings have been listed, which means office spaces most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

Even though the median size is 25,600 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are around 1 stories. Most buildings in this region were built in 1930.

Maspeth Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this region. Commute by motorcycle is the most popular way to get to work amongst Maspeth folk. Commuting more than an hour and a half 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 Maspeth.
Market Report

Market Data

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