On average, listings lease in the $10's per square foot per year. The Prospect Park submarket is going through a a boost in rates. In the last 3 months, the median rate increased $3 per sqft per year. That's a 20% rise in rent.
In the last 90 days, 7 listings have come on the market, which means new availabilities might be going fast. You'll want to be prepared to make an offer immediately. 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 listings below 2,000 sqft. Most properties in this market are approximately 1 floors. Most buildings in this region were built in 1979 and are Class A.
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.