On average, listings lease in the $40's per square foot per year. The Southwestern Brooklyn submarket is experiencing a an increase in rates. In the last 3 months, the median rate increased $7 per sqft per year. That's a 17% increase in rent.
Compared to the rest of the New York City market, the Southwestern Brooklyn region has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 221 listings have been posted online, so you'll want to check back regularly for new listings. About 5% of the available leases in the Southwestern Brooklyn are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 2,600 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are approximately 3 floors. Most buildings in this market were built in 1931 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Southwestern Brooklyn occupants. Commuting more than an hour and a half 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 Southwestern Brooklyn.
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