DUMBO Office Space

DUMBO

Office Space Market Report

Number of Listings (last 90 days)
90
Median Rate ($/sqft/yr)
$59
Median Size (sqft)
1,740
As of: February 22, 2017

DUMBO Rates

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

DUMBO Listing Supply

In the last 90 days, 90 listings have been made available, so you'll want to check back regularly for new listings. About 1% of the office spaces in the DUMBO are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,740 sqft. Most properties in this market are around 9 stories. Most buildings in this region were built in 1912 and are Class C.

DUMBO Community

A large portion of this area is residential, but there's plenty of office_space. Manufacturing is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst DUMBO folk. Commuting more than an hour and a half 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 DUMBO.
Market Report

Market Data

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