Greenpoint Office Space

Greenpoint

Office Space Market Report

Number of Listings (last 90 days)
13
Median Rate ($/sqft/yr)
$48
Median Size (sqft)
2,000
As of: July 28, 2017

Greenpoint Rates

On average, listings lease in the $40's per square foot per year. The Greenpoint region is going through a decrease in rates. In the last 3 months, the median rate decreased $5 per sqft per year. That's a 10% decline in rent.

Compared to the rest of the New York City market, the Greenpoint region has less expensive rates, so you should have no trouble finding a great deal in this discounted region.

Greenpoint Listing Supply

In the last 90 days, 13 listings have been listed, which means spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 85% of the office spaces in the Greenpoint 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 available, so finding a space for a small business might be tough.

Even though the median size is 6,850 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are approximately 3 floors. Most buildings in this area were built in 1931 and are Class C.

Greenpoint Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this market. Commute by motorcycle is the most popular way to get to work amongst Greenpoint residents. Commuting between 30 and 45 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 Greenpoint.
Market Report

Market Data

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