Compared to the rest of the New York City market, the DUMBO submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 491 listings have come on the market, so you'll want to check back regularly for new listings. About 10% of the listings in the DUMBO are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 2,930 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this region are close to 11 floors. Most buildings in this area were built in 1925 and are Class C.
A large portion of this region is residential, but there's plenty of office_space. Manufacturing is the dominant industry in this area. 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.
Real time and historical data on commercial real estate listings in DUMBO.
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