On average, listings lease in the $30's per square foot per year. The East Bronx submarket is experiencing a an increase in rates. In the last 3 months, the median rate went up $34 per sqft per year.
Compared to the rest of the New York City market, the East Bronx region has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 15 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. About 100% of the listings in the East Bronx are subleases, so you might be able to snag a great spot on a short term. 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 properties in this area are around 2 stories. Most buildings in this region 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 region. 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.