Most listings are in the $50's per square foot per year. The Northern Brooklyn region is seeing a decrease in rates. In the last 3 months, the median rate decreased $6 per sqft per year. That's a 9% decrease 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, 104 listings have been listed, so you'll want to check back regularly for new listings. About 3% of the available space in the Northern Brooklyn are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,570 sqft. Most buildings in this area are approximately 3 stories. Most buildings in this market 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 market. Commute by taxi is the most popular way to get to work amongst Northern Brooklyn folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.