On average, listings lease in the $50's per square foot per year. The South Brooklyn submarket is seeing a a boost in rates. In the last 3 months, the median rate increased $4 per sqft per year. That's a 7% rise in rent.
Compared to the rest of the New York City market, the South Brooklyn region has lower rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 43 listings have been made available, so you'll want to check back regularly for new listings. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 3,770 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are approximately 3 floors. Most buildings in this region were built in 1931 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this market. Most of the residents of South Brooklyn work from home. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.