On average, listings lease in the $40's per square foot per year. The Northern Brooklyn region is going through a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 3% decline in rent.
Compared to the rest of the New York City market, the Northern Brooklyn region has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 180 listings have been made available, so you'll want to check back regularly for new listings. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,870 sqft. Most buildings in this market are approximately 3 floors. 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. Waste services is the dominant industry in this region. Commute by taxi is the most popular way to get to work amongst Northern Brooklyn residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.