Southwestern Brooklyn Office Space

Southwestern Brooklyn

Office Space Market Report

Number of Listings (last 90 days)
221
Median Rate ($/sqft/yr)
$49
Median Size (sqft)
900
As of: August 17, 2017

Southwestern Brooklyn Rates

Most listings are in the $40's per square foot per year. The Southwestern Brooklyn submarket is seeing a an increase in rates. In the last 3 months, the median rate rose $7 per sqft per year. That's a 17% increase in rent.

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

Southwestern Brooklyn Listing Supply

In the last 90 days, 31 listings have been listed, which means new listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 23% of the office spaces in the Southwestern 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 on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 900 sqft. Most buildings in this region are close to 3 floors. 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