Southern Brooklyn Industrial

Southern Brooklyn

Office Space Market Report

Number of Listings (last 90 days)
19
Median Rate ($/sqft/yr)
$40
Median Size (sqft)
1,500
As of: December 10, 2016

Southern Brooklyn Rates

The typical asking rate per listing is in the $30's per square foot per year. The Southern Brooklyn region is seeing a decrease in rates. In the last 3 months, the median rate decreased $20 per sqft per year. That's a 33% decline in rent.

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

Southern Brooklyn Listing Supply

In the last 90 days, 19 listings have been made available, which means new listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,500 sqft. Most properties in this region are close to 2 stories. Most buildings in this area were built in 1931 and are Class A.

Southern Brooklyn Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this region. Commute by public transit is the most popular way to get to work amongst Southern Brooklyn folk. 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 Southern Brooklyn.
Market Report

Market Data

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