Northern Brooklyn Industrial

Northern Brooklyn

Office Space Market Report

Number of Listings (last 90 days)
180
Median Rate ($/sqft/yr)
$45
Median Size (sqft)
1,650
As of: March 12, 2017

Northern Brooklyn Rates

On average, listings lease in the $40's per square foot per year. The Northern Brooklyn region is seeing a decline in rates. In the last 3 months, the median rate decreased $7 per sqft per year. That's a 13% decrease in rent.

Compared to the rest of the New York City market, the Northern Brooklyn region has less expensive rates, so you should have no trouble finding a great deal in this discounted region.

Northern Brooklyn Listing Supply

In the last 90 days, 180 listings have been posted online, so you'll want to check back regularly for new listings. About 2% of the listings in the Northern Brooklyn are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,650 sqft. Most properties in this market are around 3 floors. Most buildings in this region were built in 1931 and are Class A.

Northern Brooklyn Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this region. Commute by taxi is the most popular way to get to work amongst Northern Brooklyn folk. Commuting between 30 and 45 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 Northern Brooklyn.
Market Report

Market Data

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