Central Brooklyn Industrial

Central Brooklyn

Office Space Market Report

Number of Listings (last 90 days)
61
Median Rate ($/sqft/yr)
$38
Median Size (sqft)
2,500
As of: July 23, 2017

Central Brooklyn Rates

The typical asking rate per listing is in the $30's per square foot per year. The Central Brooklyn region is experiencing a decline in rates. In the last 3 months, the median rate decreased $9 per sqft per year. That's a 18% decline in rent.

Compared to the rest of the New York City market, the Central Brooklyn submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued 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 57% of the office spaces in the Central Brooklyn are subleases, so you might be able to find a shorter term or below market rent. 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 2,500 sqft. Most buildings in this market are around 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 residents 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