Brooklyn Office Space

Brooklyn

Office Space Market Report

Number of Listings (last 90 days)
4
Median Rate ($/sqft/yr)
$32
Median Size (sqft)
3,890
As of: August 18, 2017

Brooklyn Rates

On average, listings lease in the $30's per square foot per year. The Brooklyn submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 4% decrease in rent.

Compared to the rest of the Jacksonville market, the Brooklyn submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot region.

Brooklyn Listing Supply

In the last 90 days, 4 listings have been made available, which means leases most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 150% of the available leases in the 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 on the market, so finding a space for a small business might be tough.

Even though the median size is 5,650 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are approximately 12 floors. Most buildings in this region 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