South Brooklyn Industrial

South Brooklyn

Office Space Market Report

Number of Listings (last 90 days)
100
Median Rate ($/sqft/yr)
$48
Median Size (sqft)
3,750
As of: March 12, 2017

South Brooklyn Rates

On average, listings lease in the $40's per square foot per year. The South Brooklyn submarket is going through a a boost in rates. In the last 3 months, the median rate rose $3 per sqft per year. That's a 6% rise in rent.

Compared to the rest of the New York City market, the South Brooklyn submarket has lower rates, so you should have no trouble finding a great deal in this undervalued region.

South Brooklyn Listing Supply

In the last 90 days, 100 listings have been posted online, so you'll want to check back regularly for new listings. About 2% of the office spaces in the South Brooklyn are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

Even though the median size is 3,750 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are approximately 3 stories. Most buildings in this area were built in 1931 and are Class A.

South Brooklyn Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this region. Most of the occupants of South Brooklyn work from home. Commuting between 20 and 25 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 South Brooklyn.
Market Report

Market Data

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