Greenpoint Retail

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Greenpoint

Market Report

Number of Listings
Posted in the last 90 days
6
Median Rate ($/sqft/yr)
$53
Median Size (sqft)
2,500

Greenpoint Rates

The typical asking rate per listing is in the $50's per square foot per year. The Greenpoint submarket is going through a a boost in rates. In the last 3 months, the median rate went up $4 per sqft per year. That's a 9% rise in rent.

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

Greenpoint Listing Supply

In the last 90 days, 106 listings have been listed, so you'll want to check back regularly for new listings. About 11% of the listings in the Greenpoint 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.

The standard measurement for office space in this area is around 2,500 sqft. Most properties in this market are approximately 3 stories. Most buildings in this area were built in 1931 and are Class C.

Greenpoint 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 motorcycle is the most popular way to get to work amongst Greenpoint occupants. 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 Greenpoint.
Research