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Borough Park Commercial Real Estate For Lease

Borough Park

Market Report

Number of Listings For Lease
Posted in the last 180 days
6
Median Rate ($/sqft/yr)
$37
Median Size (sqft)
1,800

Borough Park Commercial Real Estate

Find Borough Park commercial real estate for sale and for lease on 42Floors, the commercial real estate search engine. Listings cover all types of properties including Retail, Office Space, Industrial, Medical and much more. Find a Borough Park commercial real estate broker in Borough Park's Top Broker Directory. Learn about Borough Park commercial real estate trends in 42Floors Research. Learn tips, tricks, and jargon about leasing or buying commercial real estate in 42Floors EDU.

Borough Park Rates

The typical asking rate per commerial real estate listing leases is in the $30's per square foot per year. The Borough Park submarket is experiencing a an increase in rates. In the last 3 months, the median rate for lease rose $37 per sqft per year.

Compared to the rest of the New York City commercial real estate market, the Borough Park submarket has lower rates, so you should have no trouble finding a great deal in this discounted region.

Borough Park Listing Supply

In the last 180 days, 54 commercial real estate listings have come on the market, so you'll want to check back regularly for new listings. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

The standard size for office space in this area is around 1,800 sqft. Most properties in this market are close to 2 stories. Most buildings in this area were built close to 1931 and are Class .

Borough Park Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this market. Commute by taxi is the most popular way to get to work amongst Borough Park folk. Commuting under 5 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 Borough Park.
Research