East Williamsburg Office Space

East Williamsburg

Office Space Market Report

Number of Listings (last 90 days)
24
Median Rate ($/sqft/yr)
$49
Median Size (sqft)
1,230
As of: December 10, 2016

East Williamsburg Rates

Most listings are in the $40's per square foot per year. The East Williamsburg region is seeing a decrease in rates. In the last 3 months, the median rate decreased $7 per sqft per year. That's a 13% decrease in rent.

Compared to the rest of the New York City market, the East Williamsburg region has less expensive rates, so you should have no trouble finding a great deal in this discounted submarket.

East Williamsburg Listing Supply

In the last 90 days, 24 listings have been listed, which means leases might be leasing quickly. You'll want to be prepared to make an offer immediately. 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 1,230 sqft. Most properties in this area are around 3 stories. Most buildings in this area were built in 1931 and are Class C.

East Williamsburg Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this market. Commute by taxi is the most popular way to get to work amongst East Williamsburg occupants. 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 East Williamsburg.
Market Report

Market Data

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