On average, listings lease in the $80's per square foot per year. The Gravesend region is going through a a boost in rates. In the last 3 months, the median rate went up $87 per sqft per year.
Compared to the rest of the New York City market, the Gravesend region has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 3 listings have been made available, which means office spaces might be going fast. You'll want to be prepared to make an offer immediately. About 300% of the available space in the Gravesend 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 posted, so finding a space for a small business might be tough.
Even though the median size is 10,000 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are close to 2 stories. Most buildings in this region were built in 1931 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this region. Most of the residents of Gravesend work from home. Commuting around 10 minutes a day is the norm for those who opt to reside in this part of town.