South Brooklyn Office Space

South Brooklyn

Office Space Market Report

Number of Listings (last 90 days)
95
Median Rate ($/sqft/yr)
$48
Median Size (sqft)
3,830
As of: March 1, 2017

South Brooklyn Rates

Most listings are in the $40's per square foot per year. The South Brooklyn region is seeing a decline in rates. In the last 3 months, the median rate decreased $5 per sqft per year. That's a 10% decline in rent.

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

South Brooklyn Listing Supply

In the last 90 days, 95 listings have come on the market, so you'll want to check back regularly for new listings. About 2% of the available space in the South Brooklyn are subleases, so you will probably have to focus your search on direct office leases. 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 3,830 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are approximately 3 stories. Most buildings in this market were built in 1931 and are Class B.

South Brooklyn Community

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 region. 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.

Market Report

Trends and status of the commercial real estate market in South Brooklyn.
Market Report

Market Data

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