Northern Brooklyn Industrial

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Nooklyn
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123 Thames St - Space Williamsburg, New York City, NY Close Public Transit.
Aug 16
2,500
sqft
Industrial Live/Work
672 Morgan Ave - Entire Building Greenpoint, New York City, NY  
Aug 16
12,000
sqft
Industrial
357 Grand St - 4 Spaces Williamsburg, New York City, NY 11 foot ceiling height
Aug 14
400 - 1,650
sqft
Industrial Other
19 Division Pl - Unit Warehouse (Floor 1) Williamsburg, New York City, NY  
Jul 26
1,100
sqft
Industrial Mixed Use Office Retail

Northern Brooklyn

Market Report

Number of Listings
Posted in the last 90 days
3
Median Rate ($/sqft/yr)
$59
Median Size (sqft)
1,200

Northern Brooklyn Rates

The typical asking rate per listing is in the $50's per square foot per year. The Northern Brooklyn submarket is seeing a an increase in rates. In the last 3 months, the median rate increased $13 per sqft per year. That's a 28% rise in rent.

Compared to the rest of the New York City market, the Northern Brooklyn submarket has lower rates, so you should have no trouble finding a great deal in this discounted region.

Northern Brooklyn Listing Supply

In the last 90 days, 1253 listings have come on the market, so you'll want to check back regularly for new listings. About 14% of the listings in the Northern Brooklyn 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 available, 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 buildings in this market are approximately 3 stories. Most buildings in this market were built in 1931 and are Class A.

Northern Brooklyn Community

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 taxi is the most popular way to get to work amongst Northern Brooklyn residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.

Market Data

Real time and historical data on commercial real estate listings in Northern Brooklyn.
Research