Southern Brooklyn Office Space

Southern Brooklyn

Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 20, 2016

Southern Brooklyn Rates

On average, listings lease in the $50's per square foot per year. The Southern Brooklyn region is seeing a a boost in rates. In the last 3 months, the median rate increased $23 per sqft per year. That's a 65% increase in rent.

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

Southern Brooklyn Listing Supply

In the last 90 days, 17 listings have come on the market, which means spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. 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 4,340 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are around 2 floors. Most buildings in this area were built in 1931 and are Class A.

Southern Brooklyn Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this region. Commute by public transit is the most popular way to get to work amongst Southern Brooklyn occupants. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.