Brooklyn Retail


Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 26, 2016

Brooklyn Office Space

This western most macro neighborhood and area is easily the most populated of New York City’s 5 boroughs as it sits with a total population of approximately 2.5 million people. Given that were Brooklyn its own independent city as opposed to a macro neighborhood or county then it would be considered the fourth greatest populated city falling behind all the neighborhoods of New York, Chicago, and Los Angeles.

Een Draght Mackt Maght, Brooklyn’s current motto which translates as In Unity There is Strength, defines the physical make up of this area from an infrastructure standpoint. Buildings have been schematically designed to ensure the highest quality of comfort and stability for its residents and entrepreneurs. This especially includes recent innovation for office locations.

Office space for rent in Brooklyn begins with prices as low as about $15 per square foot and reach heights of approximately $70. Square footage for each particular office ranges from 600 to 10,000 square feet.

Brooklyn at a Glance

Brooklyn was initially settled in the early 17th century as a Dutch town entitled “Breuckelen” named after Breuckelen in the Netherlands but prior to their settlement the land was largely inhabited by a group of Indians called the Lenape. As development ensued, the area became its own independent city coupled by rapid urbanization that converted the town into a commuter one that connected locals to Brooklyn Heights and Wall Street.

A final growth spurt of urbanization came to fruition during the latter part of the 19th century as railroads and industrialization spread all the way to Sunset Park and Bay Ridge. Railroads served as the primary connection to nearby towns and in less than a decade railroads in present day Brooklyn annexed New Lots, Flatbush, Gravesend, New Utrecht, and Flatlands.

Since Brooklyn’s history covers about 350 years, it is plausible that it possess many landmarks for people to visit. Historic districts, individual landmarks, and scenic landmarks are spread throughout the neighborhood and give valid insight into the progression Brooklyn made. Notable landmarks include: Alice and Agate Courts Historic District, 14th Regiment Armory, Interior of Ground Floor Dining Room of Gage and Tollner as well as Eastern Parkway and Ocean Parkway.

Restaurants are practically as abundant as the area’s landmarks, in both location and flavor. Locals enjoy dining at Ashoka Indian Grill, Chef’s Table, Triaf and The River Café.

Public transportation is provided by the MTS Bus which travels throughout the entire area.

Brooklyn Real Estate

Real estate presently on the market is soaring. It has jumped nearly 12% since the beginning of 2013 with the average price for each home at about $570,000, the highest it has been in over a decade. Currently, Brooklyn is regarded as having the strongest housing market and rental market in all of New York City which has resulted in the huge spike in price. Although, there has been an increase in demand which shifted the average price, availability for homes and rentals have dwindled, causing recent frustration for buyers and renters.

Market Report

Trends and status of the commercial real estate market in Brooklyn.
Market Report

Market Data

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