The typical asking rate per listing is in the $40's per square foot per year. The Southwestern Brooklyn submarket is experiencing a a rise in rates. In the last 3 months, the median rate went up $8 per sqft per year. That's a 23% increase in rent.
Compared to the rest of the New York City market, the Southwestern Brooklyn submarket has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 31 listings have been made available, which means new listings are probably going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 13,000 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are approximately 3 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. Manufacturing is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Southwestern Brooklyn folk. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.