On average, listings lease in the $40's per square foot per year. The Bushwick submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $10 per sqft per year. That's a 19% decline in rent.
Compared to the rest of the New York City market, the Bushwick region has less expensive rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 30 listings have been made available, which means new listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 7% of the available leases in the Bushwick are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,000 sqft. Most properties in this region are close to 2 floors. Most buildings in this market were built in 1931 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Bushwick occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.