On average, listings lease in the $40's per square foot per year. The Bushwick submarket is seeing a an increase in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 1% increase in rent.
Compared to the rest of the New York City market, the Bushwick submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 47 listings have been listed, so you'll want to check back regularly for new listings. About 4% of the available space in the Bushwick are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 2,800 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are approximately 2 floors. Most buildings in this area were built in 1931 and are Class B.
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.