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: July 25, 2017

Flatlands Rates

Most listings are in the $20's per square foot per year. The Flatlands submarket is going through a decline in rates. In the last 3 months, the median rate fell $7 per sqft per year. That's a 20% decrease in rent.

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 discounted region.

Flatlands Listing Supply

In the last 90 days, 4 listings have been listed, which means listings most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 50% of the listings in the Flatlands 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 available, so finding a space for a small business might be tough.

Even though the median size is 7,000 sqft, there are still 0 listings below 2,000 sqft. Most properties in this region are approximately 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 close to 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