Brooklyn Heights Retail

Brooklyn Heights

Office Space Market Report

Number of Listings (last 90 days)
13
Median Rate ($/sqft/yr)
$73
Median Size (sqft)
49,150
As of: January 19, 2017

Brooklyn Heights Rates

Most listings are in the $70's per square foot per year. The Brooklyn Heights region is going through a a rise in rates. In the last 3 months, the median rate increased $73 per sqft per year.

Compared to the rest of the New York City market, the Brooklyn Heights region has greater rates, and you'll need to pay a premium to be in this hot submarket.

Brooklyn Heights Listing Supply

In the last 90 days, 14 listings have been made available, which means leases are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 7% of the listings in the Brooklyn Heights are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

Even though the median size is 49,150 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are approximately 12 floors. Most buildings in this region were built in 1920 and are Class B.

Brooklyn Heights Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this region. Commute by taxi is the most popular way to get to work amongst Brooklyn Heights folk. Commuting between 30 and 45 minutes 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 Brooklyn Heights.
Market Report

Market Data

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