On average, listings lease in the $30's per square foot per year. The Eastern Brooklyn region is seeing a a rise in rates. In the last 3 months, the median rate increased $5 per sqft per year. That's a 17% rise in rent.
Compared to the rest of the New York City market, the Eastern Brooklyn submarket has lower rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 161 listings have been made available, so you'll want to check back regularly for new listings. About 7% of the listings in the Eastern Brooklyn are subleases, so you will probably have to consider a longer term 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 spaces below 2,000 sqft. Most buildings in this market are close to 1 stories. Most buildings in this market 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. Education is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Eastern Brooklyn residents. Commuting between 20 and 25 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 Eastern Brooklyn.
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