On average, listings lease in the $10's per square foot per year. The South Bronx submarket is seeing a decline in rates. In the last 3 months, the median rate fell $19 per sqft per year. That's a 49% decline in rent.
Compared to the rest of the New York City market, the South Bronx region has smaller rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 7 listings have been listed, which means new availabilities are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 5,430 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are around 4 floors. Most buildings in this region were built in 1931 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this area. Most of the folk of South Bronx work from home. Commuting approximately 10 minutes a day is the norm for those who opt to reside in this part of town.