The typical asking rate per listing is in the $40's per square foot per year. The Bushwick region is going through a decline in rates. In the last 3 months, the median rate decreased $10 per sqft per year. That's a 19% decrease in rent.
Compared to the rest of the New York City market, the Bushwick submarket has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 18 listings have been posted online, which means listings might be going fast. You'll want to be prepared to make an offer immediately. About 11% of the available space in the Bushwick 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.
Even though the median size is 3,500 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are around 2 stories. Most buildings in this region 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 area. Commute by car is the most popular way to get to work amongst Bushwick occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.