Flatlands Office Space


Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 20, 2016

Flatlands Rates

On average, listings lease in the $40's per square foot per year. The Flatlands submarket is experiencing a a rise in rates. In the last 3 months, the median rate increased $10 per sqft per year. That's a 25% rise in rent.

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

Flatlands Listing Supply

In the last 90 days, 3 listings have come on the market, which means office spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. 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 2,500 sqft. Most properties in this area are around 1 stories. Most buildings in this market were built in 1963 and are Class C.

Flatlands Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Flatlands residents. Commuting approximately an hour and a half a day is the norm for those who opt to reside in this part of town.