Williamsburg Office Space

Williamsburg

Office Space Market Report

Number of Listings (last 90 days)
109
Median Rate ($/sqft/yr)
$48
Median Size (sqft)
1,300
As of: March 11, 2017

Williamsburg Rates

The typical asking rate per listing is in the $40's per square foot per year. The Williamsburg region is seeing a decrease in rates. In the last 3 months, the median rate decreased $7 per sqft per year. That's a 12% decrease 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 depreciated region.

Williamsburg Listing Supply

In the last 90 days, 109 listings have come on the market, so you'll want to check back regularly for new listings. About 1% of the listings in the Williamsburg are subleases, so you will probably have to consider a longer term lease. 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 1,300 sqft. Most properties in this region are approximately 3 stories. 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 market. Commute by car is the most popular way to get to work amongst Williamsburg residents. 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