Bushwick Office Space

Bushwick

Office Space Market Report

Number of Listings (last 90 days)
40
Median Rate ($/sqft/yr)
$51
Median Size (sqft)
1,650
As of: February 21, 2017

Bushwick Rates

On average, listings lease in the $50's per square foot per year. The Bushwick submarket is going through a a rise in rates. In the last 3 months, the median rate went up $9 per sqft per year. That's a 22% rise in rent.

Compared to the rest of the New York City market, the Bushwick submarket has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.

Bushwick Listing Supply

In the last 90 days, 40 listings have come on the market, which means new listings most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 5% of the available leases in the Bushwick are subleases, so you will probably have to consider a longer term lease. 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 1,650 sqft. Most properties in this area are approximately 2 floors. Most buildings in this region were built in 1931 and are Class B.

Bushwick Community

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 residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Bushwick.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Bushwick.
Research