The typical asking rate per listing is in the $10's per square foot per year. The South Bronx submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $19 per sqft per year. That's a 49% decrease in rent.
Compared to the rest of the New York City market, the South Bronx submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 8 listings have been listed, which means spaces most likley are 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 available, so finding a space for a small business might be tough.
Even though the median size is 5,000 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are around 4 stories. Most buildings in this area were built in 1931 and are Class A.
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.