Northeastern Queens Sublease

Northeastern Queens

Office Space Market Report

Number of Listings (last 90 days)
34
Median Rate ($/sqft/yr)
$49
Median Size (sqft)
5,410
As of: August 18, 2017

Northeastern Queens Rates

On average, listings lease in the $40's per square foot per year. The Northeastern Queens submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $29 per sqft per year. That's a 37% decline in rent.

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

Northeastern Queens Listing Supply

In the last 90 days, 34 listings have been posted online, which means listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 50% of the available space in the Northeastern Queens 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.

Even though the median size is 5,410 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are approximately 2 floors. Most buildings in this area were built in 1968 and are Class A.

Northeastern Queens Community

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.

Market Report

Trends and status of the commercial real estate market in Northeastern Queens.
Market Report

Market Data

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