Crown Heights Office Space

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1665 Bedford Ave - Unit 1 Crown Heights, New York City, NY  
Sep 13
1,500
sqft
Office Medical
767 Crown St - 2 Spaces Crown Heights, New York City, NY  
Aug 07
1,600 - 3,200
sqft
Office
1578 Union St - Space Crown Heights, New York City, NY  
Jul 13
2,000
sqft
Office Retail
546 Howard Ave - Space Crown Heights, New York City, NY  
Jun 27
800
sqft
Office Retail
278 Albany Ave - Space Crown Heights, New York City, NY  
May 10
600
sqft
Office Retail

Crown Heights

Market Report

Number of Listings
Posted in the last 90 days
4
Median Rate ($/sqft/yr)
$35
Median Size (sqft)
3,200

Crown Heights Rates

The typical asking rate per listing is in the $30's per square foot per year. The Crown Heights submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $8 per sqft per year. That's a 18% decline in rent.

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

Crown Heights Listing Supply

In the last 90 days, 151 listings have been listed, so you'll want to check back regularly for new listings. About 5% of the listings in the Crown Heights are subleases, so you will probably have to consider a longer term lease. 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 3,200 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are close to 3 stories. Most buildings in this area were built in 1928 and are Class C.

Crown Heights Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Crown Heights folk. 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 Crown Heights.
Research