Sheepshead Bay Industrial

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Sheepshead Bay

Office Space Market Report

Number of Listings (last 90 days)
12
Median Rate ($/sqft/yr)
$41
Median Size (sqft)
1,500
As of: December 6, 2016

Sheepshead Bay Rates

On average, listings lease in the $40's per square foot per year. The Sheepshead Bay submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 5% decline in rent.

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

Sheepshead Bay Listing Supply

In the last 90 days, 11 listings have been posted online, which means listings most likley are going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,200 sqft. Most buildings in this market are around 2 stories. Most buildings in this area were built in 1945 and are Class A.

Sheepshead Bay Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Sheepshead Bay residents. Commuting close to 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 Sheepshead Bay.
Market Report

Market Data

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