Most listings are in the $60's per square foot per year. The Brooklyn Heights submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $8 per sqft per year. That's a 11% decline in rent.
Compared to the rest of the New York City market, the Brooklyn Heights submarket has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 192 listings have come on the market, so you'll want to check back regularly for new listings. About 5% of the office spaces in the Brooklyn Heights 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 5,740 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market are approximately 12 floors. Most buildings in this area were built in 1920 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this market. Commute by taxi is the most popular way to get to work amongst Brooklyn Heights folk. 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 Brooklyn Heights.
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