Southwestern Brooklyn Industrial

Southwestern Brooklyn

Office Space Market Report

Number of Listings (last 90 days)
31
Median Rate ($/sqft/yr)
$42
Median Size (sqft)
13,000
As of: June 22, 2017

Southwestern Brooklyn Rates

On average, listings lease in the $40's per square foot per year. The Southwestern Brooklyn region is going through a a rise in rates. In the last 3 months, the median rate rose $42 per sqft per year.

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

Southwestern Brooklyn Listing Supply

In the last 90 days, 31 listings have been posted online, which means leases might be going fast. You'll want to be prepared to make an offer immediately. About 39% of the available leases in the Southwestern 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 available, 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 region are approximately 3 floors. Most buildings in this region were built in 1931 and are Class A.

Southwestern Brooklyn Community

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 area. Commute by public transit is the most popular way to get to work amongst Southwestern Brooklyn residents. Commuting more than an hour and a half 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 Southwestern Brooklyn.
Market Report

Market Data

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