Northwestern Brooklyn Office Space

Northwestern Brooklyn

Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 24, 2016

Northwestern Brooklyn Rates

Most listings are in the $50's per square foot per year. The Northwestern Brooklyn submarket is seeing a decline in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 4% decline in rent.

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

Northwestern Brooklyn Listing Supply

In the last 90 days, 115 listings have come on the market, so you'll want to check back regularly for new listings. About 4% of the office spaces in the Northwestern Brooklyn are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 2,170 sqft. Most properties in this market are approximately 6 stories. Most buildings in this region were built in 1928 and are Class A.

Northwestern Brooklyn Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Northwestern Brooklyn folk. Commuting under 5 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 Northwestern Brooklyn.
Market Report

Market Data

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