The typical asking rate per listing is in the $0's per square foot per year. The Brooklyn submarket is going through a decline in rates. In the last 3 months, the median rate decreased $24 per sqft per year. That's a 100% decline in rent.
In the last 90 days, 2 listings have come on the market, which means spaces are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 12,790 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this region are approximately 12 stories. Most buildings in this area were built in 2003 and are Class A.
Professional services is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Brooklyn residents. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.