The typical asking rate per listing is in the $50's per square foot per year. The Williamsburg submarket is going through a a rise in rates. In the last 3 months, the median rate increased $12 per sqft per year. That's a 26% rise in rent.
Compared to the rest of the New York City market, the Williamsburg submarket has smaller rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 711 listings have come on the market, so you'll want to check back regularly for new listings. About 18% of the available leases in the Williamsburg are subleases, so you might be able to snag a great spot on a short term. 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 1,030 sqft. Most properties in this region are around 3 floors. Most buildings in this region 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. Professional services is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Williamsburg residents. Commuting under 5 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 Williamsburg.
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