The typical asking rate per listing is in the $0's per square foot per year. The Red Hook submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $53 per sqft per year. That's a 100% decline in rent.
In the last 90 days, 1 listings have been listed, which means leases are probably 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 posted, so finding a space for a small business might be tough.
Even though the median size is 3,600 sqft, there are still 0 listings below 2,000 sqft. Most properties in this region are close to 2 stories. Most buildings in this region were built in 1925 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Red Hook residents. Commuting approximately an hour and a half a day is the norm for those who opt to reside in this part of town.