On average, listings lease in the $50's per square foot per year. The Southern Brooklyn region is going through a an increase in rates. In the last 3 months, the median rate increased $23 per sqft per year. That's a 65% rise 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.
In the last 90 days, 16 listings have been posted online, which means leases 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 available, so finding a space for a small business might be tough.
Even though the median size is 5,000 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this area are around 2 stories. Most buildings in this region were built in 1931 and are Class A.
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 area. 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.