South Brooklyn Industrial

South Brooklyn

Office Space Market Report

Number of Listings (last 90 days)
100
Median Rate ($/sqft/yr)
$40
Median Size (sqft)
6,990
As of: July 24, 2017

South Brooklyn Rates

Most listings are in the $30's per square foot per year. The South Brooklyn submarket is seeing a a rise in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 2% increase in rent.

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

South Brooklyn Listing Supply

In the last 90 days, 100 listings have been listed, so you'll want to check back regularly for new listings. About 74% of the listings in the South Brooklyn are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 6,990 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are approximately 3 floors. Most buildings in this market were built in 1931 and are Class B.

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 area. Most of the residents 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