The typical asking rate per listing is in the $50's per square foot per year. The Greenpoint region is experiencing a a rise in rates. In the last 3 months, the median rate went up $4 per sqft per year. That's a 9% rise in rent.
Compared to the rest of the New York City market, the Greenpoint region has lower rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 106 listings have been posted online, so you'll want to check back regularly for new listings. About 17% of the listings in the Greenpoint are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,500 sqft. Most properties in this area are around 3 floors. Most buildings in this region were built in 1931 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this area. Commute by motorcycle is the most popular way to get to work amongst Greenpoint residents. Commuting between 30 and 45 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 Greenpoint.
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