Central Brooklyn Industrial

Central Brooklyn

Office Space Market Report

Number of Listings (last 90 days)
61
Median Rate ($/sqft/yr)
$42
Median Size (sqft)
2,500
As of: June 26, 2017

Central Brooklyn Rates

On average, listings lease in the $40's per square foot per year. The Central Brooklyn region is seeing a an increase in rates. In the last 3 months, the median rate increased $42 per sqft per year.

Compared to the rest of the New York City market, the Central Brooklyn region has lower rates, so you should have no trouble finding a great deal in this discounted submarket.

Central Brooklyn Listing Supply

In the last 90 days, 61 listings have been listed, so you'll want to check back regularly for new listings. About 82% of the office spaces in the Central Brooklyn are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,500 sqft. Most properties in this area are approximately 3 stories. Most buildings in this area were built in 1931 and are Class A.

Central Brooklyn Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Agriculture is the dominant industry in this region. Most of the folk of Central Brooklyn work from home. Commuting around 15 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 Central Brooklyn.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Central Brooklyn.
Research