Compared to the rest of the New York City market, the Downtown Brooklyn submarket has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 29 listings have been posted online, which means listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 76% of the listings in the Downtown Brooklyn are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 4,500 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are approximately 5 floors. Most buildings in this region were built in 1950 and are Class A.
A large portion of this area is residential, but there's plenty of office_space. Health care is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Downtown Brooklyn folk. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.