On average, listings lease in the $50's per square foot per year. The South Brooklyn submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 4% decline in rent.
Compared to the rest of the New York City market, the South Brooklyn submarket has less expensive rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 65 listings have been made available, so you'll want to check back regularly for new listings. About 2% of the office spaces in the South Brooklyn are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 new availabilities below 2,000 sqft. Most buildings in this region are around 3 floors. Most buildings in this area 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 occupants 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.