Gravesend Industrial

Gravesend

Office Space Market Report

Number of Listings (last 90 days)
3
Median Rate ($/sqft/yr)
$87
Median Size (sqft)
5,000
As of: May 21, 2017

Gravesend Rates

Most listings are in the $80's per square foot per year. The Gravesend submarket is going through a an increase in rates. In the last 3 months, the median rate went up $51 per sqft per year. That's a 144% increase in rent.

Compared to the rest of the New York City market, the Gravesend region has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Gravesend Listing Supply

In the last 90 days, 3 listings have been posted online, which means leases most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 5,000 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are approximately 2 stories. Most buildings in this area were built in 1931 and are Class A.

Gravesend Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this area. Most of the residents of Gravesend work from home. Commuting approximately 10 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 Gravesend.
Market Report

Market Data

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