The typical asking rate per listing is in the $50's per square foot per year. The East New York region is going through a an increase in rates. In the last 3 months, the median rate increased $24 per sqft per year. That's a 82% increase in rent.
Compared to the rest of the New York City market, the East New York region has smaller rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 74 listings have come on the market, so you'll want to check back regularly for new listings. About 11% of the office spaces in the East New York 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 posted, so finding a space for a small business might be tough.
Even though the median size is 7,000 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this area are close to 1 stories. Most buildings in this region were built in 1930 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this area. Commute by motorcycle is the most popular way to get to work amongst East New York occupants. Commuting close to 10 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 East New York.
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