Northern Brooklyn Office Space

Northern Brooklyn

Office Space Market Report

Number of Listings (last 90 days)
90
Median Rate ($/sqft/yr)
$49
Median Size (sqft)
2,100
As of: December 8, 2016

Northern Brooklyn Rates

The typical asking rate per listing is 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 fell $4 per sqft per year. That's a 7% decrease in rent.

Compared to the rest of the New York City market, the Northern Brooklyn region has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.

Northern Brooklyn Listing Supply

In the last 90 days, 88 listings have been listed, so you'll want to check back regularly for new listings. About 1% of the available leases in the Northern Brooklyn are subleases, so you will probably have to consider a longer term lease. 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 2,110 sqft. Most properties in this region are approximately 3 stories. Most buildings in this market were built in 1931 and are Class A.

Northern Brooklyn 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 area. 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.

Market Report

Trends and status of the commercial real estate market in Northern Brooklyn.
Market Report

Market Data

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