Most listings are in the $50's per square foot per year. The Northwestern Brooklyn region is going through a decrease in rates. In the last 3 months, the median rate fell $0 per sqft per year. That's a 0% decrease in rent.
Compared to the rest of the New York City market, the Northwestern 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, 1173 listings have been listed, so you'll want to check back regularly for new listings. About 8% of the office spaces in the Northwestern 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.
Even though the median size is 2,990 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are close to 5 floors. Most buildings in this area were built in 1935 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 market. Commute by car is the most popular way to get to work amongst Northwestern Brooklyn residents. Commuting under 5 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 Northwestern Brooklyn.
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