On average, listings lease in the $10's per square foot per year. The Prospect Park submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 12% decrease in rent.
In the last 90 days, 6 listings have come on the market, which means office spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. 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 3,130 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are approximately 1 floors. Most buildings in this market were built in 1972.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Prospect Park 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.