The typical asking rate per listing is in the $60's per square foot per year. The Bedford-Stuyvesant submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $40 per sqft per year. That's a 38% decline in rent.
Compared to the rest of the New York City market, the Bedford-Stuyvesant region has less expensive rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 194 listings have come on the market, so you'll want to check back regularly for new listings. About 5% of the available leases in the Bedford-Stuyvesant are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,200 sqft. Most properties in this area are around 3 stories. Most buildings in this area were built in 1919 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 market. Commute by walking is the most popular way to get to work amongst Bedford-Stuyvesant occupants. Commuting under 5 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 Bedford-Stuyvesant.
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