Fort Greene Retail

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Fort Greene

Market Report

Number of Listings
Posted in the last 90 days
1
Median Rate ($/sqft/yr)
$59
Median Size (sqft)
3,410

Fort Greene Rates

The typical asking rate per listing is in the $50's per square foot per year. The Fort Greene submarket is going through a decline in rates. In the last 3 months, the median rate fell $17 per sqft per year. That's a 22% decrease in rent.

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

Fort Greene Listing Supply

In the last 90 days, 33 listings have been posted online, which means office spaces are probably going fast. You'll want to be prepared to make an offer immediately. About 12% of the available leases in the Fort Greene 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 on the market, so finding a space for a small business might be tough.

Even though the median size is 3,410 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are close to 6 stories. Most buildings in this region were built in 1969 and are Class A.

Fort Greene Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this market. Most of the residents of Fort Greene work from home. 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 Fort Greene.
Research