Most listings are in the $50's per square foot per year. The Downtown Brooklyn region is seeing a a rise in rates. In the last 3 months, the median rate went up $55 per sqft per year.
Compared to the rest of the New York City market, the Downtown Brooklyn submarket has smaller rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 29 listings have been posted online, which means leases might be going fast. You'll want to be prepared to make an offer immediately. About 45% of the available space in the Downtown Brooklyn 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 5,000 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are close to 5 stories. Most buildings in this market were built in 1950 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Health care is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Downtown Brooklyn residents. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.