Williamsburg Office Space

117 S 3rd St Floor Lower Level
Williamsburg, New York City, NY
Storefront for Rent in Prime Williamsburg! + TO FAVORITES COMPARE ACTUAL PHOTOS location_link LOCATION Property ID: C330241436 Price: $14,000 Neighborhood: Williamsburg Purpose: For Lease Building Features: Walk Up Description: Have you Ever dreamed of owning your own daycare center? Introducing 117 S. third, a fully licensed fully equipped ADA compliant pre-K learning facility with students enrolled and ready to open. This amazing South Williamsburg location has beautiful new hardwood floors, high ceilings, ready and built out for you. One large open area with desks and seating includes counters along one wall, and exits every 30 feet. A large 12 x 12 office separates the front space, and backspace with nice natural light. Two ADA compliant bathrooms for adults and children. Back room approximately 15 x 30 with access to Garden In back. Downstairs you'll find a teaching room equipped with projection screen, seating and tables for young learners. There is currently an under utilized back room downstairs that could work for many uses. This property is being offered at $65 per square foot. An incredible deal for an area that was just ranked in the top five most expensive commercial retail areas in America. Montessori schools are The most recognized name in private education. This franchise is ready to launch just waiting for someone to steer the ship in the right direction. Contact Ideal properties today for more information.

Williamsburg

Office Space Market Report

Number of Listings (last 90 days)
109
Median Rate ($/sqft/yr)
$48
Median Size (sqft)
1,300
As of: February 24, 2017

Williamsburg Rates

On average, listings lease in the $40's per square foot per year. The Williamsburg submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 3% decline in rent.

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

Williamsburg Listing Supply

In the last 90 days, 102 listings have come on the market, so you'll want to check back regularly for new listings. About 1% of the available space in the Williamsburg are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,300 sqft. Most buildings in this market are around 3 floors. Most buildings in this market were built in 1931 and are Class A.

Williamsburg Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Williamsburg folk. Commuting under 5 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 Williamsburg.
Market Report

Market Data

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