Gowanus Office Space

Gowanus

Office Space Market Report

Number of Listings (last 90 days)
13
Median Rate ($/sqft/yr)
$55
Median Size (sqft)
8,000
As of: August 18, 2017

Gowanus Rates

On average, listings lease in the $50's per square foot per year. The Gowanus submarket is seeing a an increase in rates. In the last 3 months, the median rate increased $9 per sqft per year. That's a 20% rise in rent.

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

Gowanus Listing Supply

In the last 90 days, 13 listings have been made available, which means new listings most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 23% of the available leases in the Gowanus 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 available, so finding a space for a small business might be tough.

Even though the median size is 8,000 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are around 2 stories. Most buildings in this region were built in 1931 and are Class B.

Gowanus Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this area. Commute by taxi is the most popular way to get to work amongst Gowanus folk. Commuting close to an hour 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 Gowanus.
Market Report

Market Data

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