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.
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.
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.
Real time and historical data on commercial real estate listings in Flatlands.
Get email notifications when new listings are posted that match your requirements.