Most listings are in the $40's per square foot per year. The Williamsburg submarket is seeing a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 3% decrease in rent.
Compared to the rest of the New York City market, the Williamsburg region has lower rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 109 listings have come on the market, so you'll want to check back regularly for new listings. About 1% of the office spaces in the Williamsburg are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,300 sqft. Most properties in this region are close to 3 floors. Most buildings in this area 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. Professional services is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Williamsburg folk. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.