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: June 28, 2017

Southwestern Brooklyn Rates

Most listings are in the $40's per square foot per year. The Southwestern Brooklyn submarket is experiencing a an increase in rates. In the last 3 months, the median rate went up $42 per sqft per year.

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

Southwestern Brooklyn Listing Supply

In the last 90 days, 31 listings have been posted online, which means office spaces are probably going fast. You'll want to be prepared to make an offer immediately. About 35% of the available leases in the Southwestern Brooklyn are subleases, so you might be able to snag a great spot on a short term. 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 13,000 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are around 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 area. Commute by public transit is the most popular way to get to work amongst Southwestern Brooklyn residents. 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