Gowanus Industrial

Gowanus

Office Space Market Report

Number of Listings (last 90 days)
13
Median Rate ($/sqft/yr)
$46
Median Size (sqft)
5,200
As of: June 25, 2017

Gowanus Rates

Most listings are in the $40's per square foot per year. The Gowanus region is seeing a a boost in rates. In the last 3 months, the median rate increased $46 per sqft per year.

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

Gowanus Listing Supply

In the last 90 days, 13 listings have come on the market, which means new listings most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 54% of the available space in the Gowanus 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 posted, so finding a space for a small business might be tough.

Even though the median size is 5,200 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are close to 2 stories. Most buildings in this market were built in 1931 and are Class B.

Gowanus Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this market. Commute by taxi is the most popular way to get to work amongst Gowanus folk. Commuting approximately an hour 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 Gowanus.
Market Report

Market Data

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