Crown Heights Industrial

Crown Heights

Office Space Market Report

Number of Listings (last 90 days)
151
Median Rate ($/sqft/yr)
$42
Median Size (sqft)
1,600
As of: August 17, 2017

Crown Heights Rates

On average, listings lease in the $40's per square foot per year. The Crown Heights region is going through a decline in rates. In the last 3 months, the median rate decreased $0 per sqft per year. That's a 1% decrease in rent.

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

Crown Heights Listing Supply

In the last 90 days, 20 listings have been posted online, which means new availabilities might be going fast. You'll want to be prepared to make an offer immediately. About 45% of the available leases in the Crown Heights 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 1,600 sqft. Most buildings in this area are close to 3 stories. Most buildings in this region were built in 1928 and are Class C.

Crown Heights Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Crown Heights occupants. Commuting between 30 and 45 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 Crown Heights.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Crown Heights.
Research