On average, listings lease in the $70's per square foot per year. The Flatbush region is experiencing a a boost in rates. In the last 3 months, the median rate rose $73 per sqft per year.
Compared to the rest of the New York City market, the Flatbush region has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 21 listings have been posted online, which means new availabilities are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 90% of the available space in the Flatbush 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 5,500 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are close to 3 stories. Most buildings in this market were built in 1931 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst Flatbush folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.