Prospect Park Retail

Prospect Park

Office Space Market Report

Number of Listings (last 90 days)
7
Median Rate ($/sqft/yr)
$14
Median Size (sqft)
2,600
As of: June 26, 2017

Prospect Park Rates

The typical asking rate per listing is in the $10's per square foot per year. The Prospect Park region is experiencing a a rise in rates. In the last 3 months, the median rate increased $14 per sqft per year.

Prospect Park Listing Supply

In the last 90 days, 7 listings have come on the market, which means office spaces most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 100% of the office spaces in the Prospect Park are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

Even though the median size is 2,600 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this region are around 1 floors. Most buildings in this region were built in 1979 and are Class B.

Prospect Park Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Prospect Park folk. 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 Prospect Park.
Market Report

Market Data

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