On average, listings lease in the $30's per square foot per year. The Brownsville region is seeing a decrease in rates. In the last 3 months, the median rate decreased $7 per sqft per year. That's a 14% decrease in rent.
Compared to the rest of the New York City market, the Brownsville region has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 3 listings have been listed, which means office spaces are probably 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 6,500 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are approximately 2 floors. Most buildings in this area were built in 1930.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst Brownsville folk. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.