Central Brooklyn Industrial

Central Brooklyn

Office Space Market Report

Number of Listings (last 90 days)
61
Median Rate ($/sqft/yr)
$36
Median Size (sqft)
2,500
As of: August 15, 2017

Central Brooklyn Rates

The typical asking rate per listing is in the $30's per square foot per year. The Central Brooklyn submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $6 per sqft per year. That's a 15% decline in rent.

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

Central Brooklyn Listing Supply

In the last 90 days, 61 listings have been made available, so you'll want to check back regularly for new listings. About 49% of the office spaces in the Central Brooklyn are subleases, so you might be able to snag a great spot on a short term. 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 buildings in this area are approximately 3 stories. Most buildings in this region 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 close to 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