Most listings are in the $50's per square foot per year. The Eastern Brooklyn region is going through a a rise in rates. In the last 3 months, the median rate rose $19 per sqft per year. That's a 56% increase in rent.
Compared to the rest of the New York City market, the Eastern Brooklyn submarket has less expensive rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 161 listings have been listed, so you'll want to check back regularly for new listings. About 6% of the listings in the Eastern Brooklyn are subleases, so you will probably have to focus your search on direct office leases. 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 measurement for office space in this area is around 2,200 sqft. Most buildings in this region are around 1 floors. Most buildings in this area were built in 1930 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Eastern Brooklyn residents. Commuting between 20 and 25 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 Eastern Brooklyn.
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