On average, listings lease in the $40's per square foot per year. The Northeastern Queens submarket is seeing a a boost in rates. In the last 3 months, the median rate went up $6 per sqft per year. That's a 14% rise in rent.
Compared to the rest of the New York City market, the Northeastern Queens region has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 19 listings have come on the market, which means office spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. 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 5,500 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are close to 2 stories. Most buildings in this region were built in 1965 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 market. Commute by public transit is the most popular way to get to work amongst Northeastern Queens occupants. Commuting around 10 minutes a day is the norm for those who opt to reside in this part of town.