Most listings are in the $40's per square foot per year. The Central Brooklyn region is going through a a boost in rates. In the last 3 months, the median rate increased $12 per sqft per year. That's a 33% increase in rent.
Compared to the rest of the New York City market, the Central Brooklyn region has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 440 listings have been posted online, so you'll want to check back regularly for new listings. About 5% of the office spaces in the Central Brooklyn are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 3,000 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are around 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. Agriculture is the dominant industry in this region. Most of the residents of Central Brooklyn work from home. Commuting around 15 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 Central Brooklyn.
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