Crown Heights Retail

Crown Heights

Office Space Market Report

Number of Listings (last 90 days)
20
Median Rate ($/sqft/yr)
$42
Median Size (sqft)
1,340
As of: June 23, 2017

Crown Heights Rates

The typical asking rate per listing is in the $40's per square foot per year. The Crown Heights region is going through a a boost in rates. In the last 3 months, the median rate rose $42 per sqft per year.

Compared to the rest of the New York City market, the Crown Heights submarket has less expensive rates, so you should have no trouble finding a great deal in this discounted region.

Crown Heights Listing Supply

In the last 90 days, 20 listings have come on the market, which means new availabilities most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 95% of the listings in the Crown Heights 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 available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 940 sqft. Most properties in this market are close to 3 stories. Most buildings in this market were built in 1928 and are Class C.

Crown Heights Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Crown 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 Crown Heights.
Market Report

Market Data

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