Flatlands Retail

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Flatlands

Market Report

Number of Listings
Posted in the last 90 days
5
Median Rate ($/sqft/yr)
$26
Median Size (sqft)
7,000

Flatlands Rates

On average, listings lease in the $20's per square foot per year. The Flatlands submarket is going through a a boost in rates. In the last 3 months, the median rate went up $26 per sqft per year.

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

Flatlands Listing Supply

In the last 90 days, 35 listings have been posted online, which means leases most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 9% of the available space in the Flatlands are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

Even though the median size is 7,000 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are around 1 floors. Most buildings in this area were built in 1963 and are Class A.

Flatlands Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Flatlands occupants. Commuting approximately an hour and a half 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 Flatlands.
Research