On average, listings lease in the $20's per square foot per year. The Brooklyn submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $8 per sqft per year. That's a 25% decline in rent.
Compared to the rest of the Jacksonville market, the Brooklyn region has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 35 listings have come on the market, which means spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 6% of the available leases in the Brooklyn are subleases, so you will probably have to consider a longer term lease. 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 5,230 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are approximately 12 floors. Most buildings in this region were built in 2003 and are Class A.
Professional services is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Brooklyn folk. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Brooklyn.
Get email notifications when new listings are posted that match your requirements.