The typical asking rate per listing is in the $50's per square foot per year. The Northwestern Brooklyn submarket is going through a decline in rates. In the last 3 months, the median rate fell $0 per sqft per year. That's a 0% decrease in rent.
Compared to the rest of the New York City market, the Northwestern Brooklyn region has smaller rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 1173 listings have come on the market, so you'll want to check back regularly for new listings. About 8% of the listings 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 2,990 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are around 5 stories. Most buildings in this region were built in 1935 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 area. Commute by car is the most popular way to get to work amongst Northwestern Brooklyn residents. 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.
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