The typical asking rate per listing is in the $50's per square foot per year. The Northwestern Brooklyn region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $0 per sqft per year. That's a 0% decline in rent.
Compared to the rest of the New York City market, the Northwestern Brooklyn submarket has less expensive rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 195 listings have come on the market, so you'll want to check back regularly for new listings. About 50% of the office spaces in the Northwestern Brooklyn 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 3,120 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are approximately 5 stories. Most buildings in this area were built in 1935 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Northwestern Brooklyn folk. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.