The typical asking rate per listing is in the $40's per square foot per year. The Bedford-Stuyvesant region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $20 per sqft per year. That's a 32% decrease in rent.
Compared to the rest of the New York City market, the Bedford-Stuyvesant region has less expensive rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 11 listings have come on the market, which means leases most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. 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 5,000 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are approximately 3 stories. Most buildings in this market were built in 1910 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.