Gowanus Office Space

Gowanus

Office Space Market Report

Number of Listings (last 90 days)
11
Median Rate ($/sqft/yr)
$73
Median Size (sqft)
4,000
As of: February 26, 2017

Gowanus Rates

Most listings are in the $70's per square foot per year. The Gowanus region is seeing a an increase in rates. In the last 3 months, the median rate rose $9 per sqft per year. That's a 15% increase in rent.

Compared to the rest of the New York City market, the Gowanus submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.

Gowanus Listing Supply

In the last 90 days, 11 listings have been made available, which means spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 9% of the office spaces in the Gowanus are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 4,000 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are close to 2 floors. Most buildings in this area 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 market. Commute by taxi is the most popular way to get to work amongst Gowanus residents. Commuting approximately 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