On average, listings lease in the $40's per square foot per year. The East Williamsburg region is experiencing a an increase in rates. In the last 3 months, the median rate rose $46 per sqft per year.
Compared to the rest of the New York City market, the East Williamsburg submarket 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 108% of the available space in the East Williamsburg are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet available, 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 region are close to 3 stories. Most buildings in this market 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 area. 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.