Central Brooklyn Retail

Central Brooklyn

Office Space Market Report

Number of Listings (last 90 days)
24
Median Rate ($/sqft/yr)
$46
Median Size (sqft)
2,400
As of: December 8, 2016

Central Brooklyn Rates

Most listings are in the $40's per square foot per year. The Central Brooklyn region is going through a decrease in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 11% decline in rent.

Compared to the rest of the New York City market, the Central Brooklyn submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.

Central Brooklyn Listing Supply

In the last 90 days, 24 listings have been made available, which means leases most likley are going fast. You'll want to be prepared to make an offer immediately. 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 2,000 sqft. Most buildings in this market are around 2 floors. Most buildings in this market were built in 1931 and are Class A.

Central Brooklyn Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Agriculture is the dominant industry in this market. Most of the occupants of Central Brooklyn work from home. Commuting approximately 15 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 Central Brooklyn.
Market Report

Market Data

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