The typical asking rate per listing is in the $70's per square foot per year. The Bushwick region is experiencing a a boost in rates. In the last 3 months, the median rate went up $5 per sqft per year. That's a 8% rise in rent.
Compared to the rest of the New York City market, the Bushwick submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 9 listings have been posted online, which means spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 11% of the available leases in the Bushwick are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,680 sqft. Most buildings in this market are around 2 stories. Most buildings in this market were built in 1931 and are Class B.
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 car is the most popular way to get to work amongst Bushwick residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.