The typical asking rate per listing is in the $30's per square foot per year. The Eastern Brooklyn region is experiencing a a boost in rates. In the last 3 months, the median rate rose $5 per sqft per year. That's a 17% rise in rent.
Compared to the rest of the New York City market, the Eastern Brooklyn region has smaller rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 161 listings have been made available, so you'll want to check back regularly for new listings. About 7% of the available leases in the Eastern Brooklyn are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 7,000 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are approximately 1 stories. Most buildings in this market were built in 1930 and are Class A.
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 market. Commute by public transit is the most popular way to get to work amongst Eastern Brooklyn folk. Commuting between 20 and 25 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 Eastern Brooklyn.
Get email notifications when new listings are posted that match your requirements.