Eastern Brooklyn Office Space

Eastern Brooklyn

Office Space Market Report

Number of Listings (last 90 days)
9
Median Rate ($/sqft/yr)
$37
Median Size (sqft)
4,000
As of: February 20, 2017

Eastern Brooklyn Rates

Most listings are in the $30's per square foot per year. The Eastern Brooklyn region is going through a decrease in rates. In the last 3 months, the median rate fell $9 per sqft per year. That's a 20% decline in rent.

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

Eastern Brooklyn Listing Supply

In the last 90 days, 9 listings have been listed, which means listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

Even though the median size is 4,000 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this region are around 2 floors. Most buildings in this area were built in 1930 and are Class A.

Eastern Brooklyn Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Eastern Brooklyn occupants. Commuting between 20 and 25 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 Eastern Brooklyn.
Market Report

Market Data

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