Brooklyn Office Space

Brooklyn

Office Space Market Report

Number of Listings (last 90 days)
2
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
8,130
As of: December 9, 2016

Brooklyn Rates

Most listings are in the $20's per square foot per year. The Brooklyn submarket is experiencing a a boost in rates. In the last 3 months, the median rate rose $24 per sqft per year.

Compared to the rest of the Jacksonville market, the Brooklyn submarket has higher rates, and you'll need to make a great offer to be in this hot region.

Brooklyn Listing Supply

In the last 90 days, 2 listings have come on the market, which means spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 50% of the office spaces in the Brooklyn are subleases, so you might be able to find a shorter term or below market rent. 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 8,130 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this area are approximately 12 floors. Most buildings in this market were built in 2003 and are Class A.

Brooklyn Community

Professional services is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Brooklyn occupants. Commuting close to 20 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 Brooklyn.
Market Report

Market Data

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