On average, listings lease in the $30's per square foot per year. The East Williamsburg region is going through a decline in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 6% 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.
In the last 90 days, 74 listings have been listed, so you'll want to check back regularly for new listings. About 85% of the available leases in the East Williamsburg 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,060 sqft. Most properties in this region are approximately 3 floors. Most buildings in this area were built in 1931 and are Class C.
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 region. Commute by taxi is the most popular way to get to work amongst East Williamsburg residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.