Borough Park Industrial

Borough Park

Office Space Market Report

Number of Listings (last 90 days)
8
As of: April 24, 2017

Borough Park Rates

The typical asking rate per listing is in the $0's per square foot per year. The Borough Park submarket is going through a decrease in rates. In the last 3 months, the median rate fell $33 per sqft per year. That's a 100% decline in rent.

Borough Park Listing Supply

In the last 90 days, 8 listings have been listed, which means new availabilities might be leasing quickly. You'll want to be prepared to make an offer immediately. 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  sqft. Most properties in this area are approximately 3 stories. Most buildings in this region were built in 1931.

Borough Park Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this region. Commute by taxi is the most popular way to get to work amongst Borough Park occupants. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Borough Park.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Borough Park.
Research