The typical asking rate per listing is in the $30's per square foot per year. The East Bronx region is going through a decline in rates. In the last 3 months, the median rate decreased $13 per sqft per year. That's a 27% decrease in rent.
Compared to the rest of the New York City market, the East Bronx submarket has less expensive rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 15 listings have been listed, which means new listings are probably going fast. You'll want to be prepared to make an offer immediately. About 7% of the available leases in the East Bronx 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,250 sqft. Most buildings in this region are close to 2 floors. Most buildings in this market were built in 1947 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this area. Commute by car is the most popular way to get to work amongst East Bronx folk. Commuting close to 10 minutes a day is the norm for those who opt to reside in this part of town.