Southwestern Brooklyn Office Space

Southwestern Brooklyn

Office Space Market Report

Number of Listings (last 90 days)
31
Median Rate ($/sqft/yr)
$42
Median Size (sqft)
13,000
As of: May 20, 2017

Southwestern Brooklyn Rates

The typical asking rate per listing is in the $40's per square foot per year. The Southwestern Brooklyn submarket is experiencing a a rise in rates. In the last 3 months, the median rate went up $8 per sqft per year. That's a 23% increase in rent.

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

Southwestern Brooklyn Listing Supply

In the last 90 days, 31 listings have been made available, which means new listings are probably going fast. You'll want to be prepared to make an offer immediately. 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 13,000 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are approximately 3 stories. Most buildings in this region were built in 1931 and are Class A.

Southwestern Brooklyn Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Southwestern Brooklyn folk. Commuting more than an hour and a half 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 Southwestern Brooklyn.
Market Report

Market Data

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