Red Hook Office Space

Red Hook

Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 20, 2016

Red Hook Rates

The typical asking rate per listing is in the $40's per square foot per year. The Red Hook region is going through a a rise in rates. In the last 3 months, the median rate went up $23 per sqft per year. That's a 95% increase in rent.

Compared to the rest of the New York City market, the Red Hook region has smaller rates, so you should have no trouble finding a great deal in this discounted submarket.

Red Hook Listing Supply

In the last 90 days, 2 listings have come on the market, which means new availabilities are probably going fast. You'll want to be prepared to tour spaces as quick as possible. 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 10,000 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are around 2 floors. Most buildings in this area were built in 1925 and are Class C.

Red Hook Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Red Hook occupants. Commuting around an hour and a half a day is the norm for those who opt to reside in this part of town.