The typical asking rate per listing is in the $60's per square foot per year. The Bedford-Stuyvesant submarket is seeing a a rise in rates. In the last 3 months, the median rate went up $21 per sqft per year. That's a 47% rise in rent.
Compared to the rest of the New York City market, the Bedford-Stuyvesant region has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 11 listings have come on the market, which means new availabilities might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 450 sqft. Most properties in this market are around 3 stories. Most buildings in this area were built in 1910 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Bedford-Stuyvesant occupants. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.