Southern Brooklyn Office Space

Southern Brooklyn

Office Space Market Report

Number of Listings (last 90 days)
353
Median Rate ($/sqft/yr)
$38
Median Size (sqft)
2,700
As of: August 17, 2017

Southern Brooklyn Rates

Most listings are in the $30's per square foot per year. The Southern Brooklyn submarket is going through a decrease in rates. In the last 3 months, the median rate fell $17 per sqft per year. That's a 31% decrease in rent.

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

Southern Brooklyn Listing Supply

In the last 90 days, 49 listings have been made available, so you'll want to check back regularly for new listings. About 29% of the listings in the Southern Brooklyn are subleases, so you might be able to find a shorter term or below market rent. 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 2,700 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are close to 2 floors. Most buildings in this region 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 market. Commute by public transit is the most popular way to get to work amongst Southern Brooklyn residents. 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 Southern Brooklyn.
Market Report

Market Data

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