On average, listings lease in the $40's per square foot per year. The Sheepshead Bay region is experiencing a a boost in rates. In the last 3 months, the median rate went up $4 per sqft per year. That's a 10% rise in rent.
Compared to the rest of the New York City market, the Sheepshead Bay submarket has lower rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 33 listings have been made available, which means spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,800 sqft. Most properties in this area are approximately 2 stories. Most buildings in this region were built in 1945 and are Class A.
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 area. Commute by walking is the most popular way to get to work amongst Sheepshead Bay occupants. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.