On average, listings lease in the $100's per square foot per year. The Bedford-Stuyvesant region is going through a a rise in rates. In the last 3 months, the median rate went up $39 per sqft per year. That's a 58% rise in rent.
Compared to the rest of the New York City market, the Bedford-Stuyvesant submarket has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 11 listings have been made available, which means spaces are probably going fast. You'll want to be prepared to make an offer immediately. About 127% of the listings in the Bedford-Stuyvesant 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 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 300 sqft. Most properties in this area are approximately 3 stories. Most buildings in this area were built in 1916 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Bedford-Stuyvesant residents. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.