Williamsburg Office Space

Williamsburg

Office Space Market Report

Number of Listings (last 90 days)
109
Median Rate ($/sqft/yr)
$48
Median Size (sqft)
1,310
As of: June 23, 2017

Williamsburg Rates

On average, listings lease in the $40's per square foot per year. The Williamsburg region is experiencing a a boost in rates. In the last 3 months, the median rate rose $48 per sqft per year.

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

Williamsburg Listing Supply

In the last 90 days, 109 listings have been made available, so you'll want to check back regularly for new listings. About 94% of the available leases in the Williamsburg 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 available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,520 sqft. Most buildings in this area are approximately 3 stories. Most buildings in this region 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 market. 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