The typical asking rate per listing is in the $50's per square foot per year. The Northeastern Queens submarket is experiencing a a rise in rates. In the last 3 months, the median rate increased $3 per sqft per year. That's a 7% rise in rent.
Compared to the rest of the New York City market, the Northeastern Queens submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 26 listings have been listed, which means new listings are probably going fast. You'll want to be prepared to make an offer immediately. About 4% of the listings in the Northeastern Queens are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 5,100 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are close to 2 floors. Most buildings in this market were built in 1964 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Northeastern Queens residents. Commuting around 10 minutes a day is the norm for those who opt to reside in this part of town.