South Brooklyn Office Space

South Brooklyn

Office Space Market Report

Number of Listings (last 90 days)
100
Median Rate ($/sqft/yr)
$40
Median Size (sqft)
2,480
As of: June 27, 2017

South Brooklyn Rates

On average, listings lease in the $30's per square foot per year. The South Brooklyn submarket is seeing a a rise in rates. In the last 3 months, the median rate went up $40 per sqft per year.

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

South Brooklyn Listing Supply

In the last 90 days, 100 listings have been posted online, so you'll want to check back regularly for new listings. About 80% of the available space in the South Brooklyn are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,000 sqft. Most buildings in this market are approximately 3 stories. Most buildings in this region 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 market. Most of the folk 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