Northern Brooklyn Office Space

19 Division Pl - Unit Street (Floor 1) Williamsburg, New York City, NY  
Oct 02
1,200
sqft
Industrial Mixed Use Office Retail
405 Gates Ave - Unit 3 (Floor 3) Bedford-Stuyvesant, New York City, NY  
Sep 16
3,750
sqft
Office Medical Mixed Use Other
50 Starr St - Space Bushwick, New York City, NY  
Sep 15
600
sqft
Office Retail
38 Debevoise St - 2 Spaces Williamsburg, New York City, NY  
Aug 29
4,000 - 20,000
sqft
Office Retail

Northern Brooklyn

Market Report

Number of Listings
Posted in the last 90 days
232
Median Rate ($/sqft/yr)
$63
Median Size (sqft)
1,600

Northern Brooklyn Rates

Most listings are in the $50's per square foot per year. The Northern Brooklyn region is experiencing a a boost in rates. In the last 3 months, the median rate increased $13 per sqft per year. That's a 28% increase in rent.

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

Northern Brooklyn Listing Supply

In the last 90 days, 1253 listings have been posted online, so you'll want to check back regularly for new listings. About 14% of the listings in the Northern Brooklyn are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,200 sqft. Most buildings in this market are close to 3 stories. Most buildings in this area were built in 1931 and are Class A.

Northern Brooklyn Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this market. Commute by taxi is the most popular way to get to work amongst Northern Brooklyn 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 Northern Brooklyn.
Research