On average, listings lease in the $30's per square foot per year. The Downtown Yonkers submarket is seeing a a boost in rates. In the last 3 months, the median rate rose $40 per sqft per year.
In the last 90 days, 0 listings have been posted online, which means leases might be leasing quickly. You'll want to be prepared to make an offer immediately. About Inf% of the office spaces in the Downtown Yonkers are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 11,000 sqft, there are still 0 listings below 2,000 sqft. Most properties in this market are close to 6 floors. Most buildings in this area were built in 1959 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this area. Most of the residents of Downtown Yonkers work from home. Commuting approximately an hour and a half a day is the norm for those who opt to reside in this part of town.