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The typical asking rate per commerial real estate listing leases is in the $40's per square foot per year. The Central Brooklyn region is experiencing a a boost in rates. In the last 3 months, the median rate for lease increased $9 per sqft per year. That's a 23% increase in rent.
Compared to the rest of the New York City commercial real estate market, the Central Brooklyn region has smaller rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 440 commercial real estate listings have been made available, so you'll want to check back regularly for new listings. 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 3,600 sqft. Most buildings in this market are around 3 floors. Most buildings in this region were built approximately 1931 and are Class .
Not much of the real estate is used for commercial space, so it might be hard to find office space. Agriculture is the dominant industry in this region. Most of the residents of Central Brooklyn work from home. Commuting approximately 15 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 Central Brooklyn.
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