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On average, commerial real estate listings lease in the $40's per square foot per year. The Brownsville submarket is seeing a an increase in rates. In the last 3 months, the median rate for lease increased $12 per sqft per year. That's a 36% rise in rent.
Compared to the rest of the New York City commercial real estate market, the Brownsville submarket has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 38 commercial real estate listings have been posted online, which means spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard size for office space in this area is around 2,200 sqft. Most properties in this area are around 2 floors. Most buildings in this region were built approximately 1930 and are Class .
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 bike is the most popular way to get to work amongst Brownsville folk. Commuting around 20 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 Brownsville.
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