Park Slope Office Space

Park Slope

Office Space Market Report

Number of Listings (last 90 days)
12
Median Rate ($/sqft/yr)
$33
Median Size (sqft)
5,050
As of: July 27, 2017

Park Slope Rates

The typical asking rate per listing is in the $30's per square foot per year. The Park Slope submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $22 per sqft per year. That's a 40% decline in rent.

Compared to the rest of the New York City market, the Park Slope submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.

Park Slope Listing Supply

In the last 90 days, 12 listings have been listed, which means listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 50% of the available leases in the Park Slope are subleases, so you might be able to snag a great spot on a short term. 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 5,050 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are close to 3 floors. Most buildings in this region were built in 1920 and are Class B.

Park Slope 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 region. Commute by bike is the most popular way to get to work amongst Park Slope occupants. Commuting approximately an hour 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 Park Slope.
Market Report

Market Data

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