Most listings are in the $50's per square foot per year. The Northwestern Brooklyn submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $7 per sqft per year. That's a 11% decline in rent.
Compared to the rest of the New York City market, the Northwestern Brooklyn submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 1173 listings have been made available, so you'll want to check back regularly for new listings. About 5% of the available space in the Northwestern 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 posted, so finding a space for a small business might be tough.
Even though the median size is 3,410 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are close to 5 floors. Most buildings in this area were built in 1940 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 car is the most popular way to get to work amongst Northwestern Brooklyn occupants. Commuting under 5 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 Northwestern Brooklyn.
Get email notifications when new listings are posted that match your requirements.