Flatlands Industrial

Flatlands

Office Space Market Report

Number of Listings (last 90 days)
4
Median Rate ($/sqft/yr)
$26
Median Size (sqft)
7,000
As of: June 22, 2017

Flatlands Rates

The typical asking rate per listing is in the $20's per square foot per year. The Flatlands region is going through a a boost in rates. In the last 3 months, the median rate rose $26 per sqft per year.

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

Flatlands Listing Supply

In the last 90 days, 4 listings have been listed, which means office spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 75% of the office spaces in the Flatlands 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.

Even though the median size is 7,000 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are around 1 stories. Most buildings in this region were built in 1963 and are Class A.

Flatlands Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst Flatlands folk. Commuting approximately an hour and a half 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 Flatlands.
Market Report

Market Data

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