DUMBO Commercial Real Estate For Lease

DUMBO

Market Report

Number of Listings For Lease
Posted in the last 90 days
13
Median Rate ($/sqft/yr)
$51
Median Size (sqft)
2,400

DUMBO Commercial Real Estate

Find DUMBO 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 DUMBO commercial real estate broker in DUMBO's Top Broker Directory. Learn about DUMBO commercial real estate trends in 42Floors Research. Learn tips, tricks, and jargon about leasing or buying commercial real estate in 42Floors EDU.

DUMBO Rates

Most commerial real estate listings for lease are in the $50's per square foot per year. The DUMBO submarket is seeing a decrease in rates. In the last 3 months, the median rate for lease decreased $7 per sqft per year.

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

DUMBO Listing Supply

In the last 90 days, 491 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 on the market, so finding a space for a small business might be tough.

The standard size for office space in this area is around 2,400 sqft. Most properties in this area are around 6 stories. Most buildings in this region were built approximately 1912 and are Class C.

DUMBO Community

This area is fairly equally mixed residential and commercial. Manufacturing is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst DUMBO occupants. Commuting more than an hour and a half 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 DUMBO.
Research