Coney Island Industrial

Coney Island

Office Space Market Report

Number of Listings (last 90 days)
3
Median Rate ($/sqft/yr)
$22
Median Size (sqft)
3,000
As of: December 10, 2016

Coney Island Rates

Most listings are in the $20's per square foot per year. The Coney Island region is seeing a decrease in rates. In the last 3 months, the median rate decreased $38 per sqft per year. That's a 63% decline in rent.

Compared to the rest of the New York City market, the Coney Island submarket has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.

Coney Island Listing Supply

In the last 90 days, 3 listings have been posted online, which means leases most likley are 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 on the market, so finding a space for a small business might be tough.

Even though the median size is 3,000 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are approximately 2 floors. Most buildings in this market were built in 1931 and are Class B.

Coney Island Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this area. Commute by bike is the most popular way to get to work amongst Coney Island occupants. Commuting approximately 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 Coney Island.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Coney Island.
Research