Most listings are in the $30's per square foot per year. The Sheepshead Bay region is going through a decline in rates. In the last 3 months, the median rate fell $8 per sqft per year. That's a 17% decline in rent.
Compared to the rest of the New York City market, the Sheepshead Bay submarket has lower rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 33 listings have come on the market, which means new listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 24% of the available leases in the Sheepshead Bay 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 2,700 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are close to 2 stories. Most buildings in this area were built in 1950 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Sheepshead Bay folk. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.