Downtown Brooklyn Retail

Downtown Brooklyn

Office Space Market Report

Number of Listings (last 90 days)
41
Median Rate ($/sqft/yr)
$56
Median Size (sqft)
9,000
As of: December 3, 2016

Downtown Brooklyn Rates

Most listings are in the $50's per square foot per year. The Downtown Brooklyn submarket is going through a decline in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 3% decline in rent.

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

Downtown Brooklyn Listing Supply

In the last 90 days, 38 listings have been made available, which means office spaces most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 5% of the listings in the Downtown Brooklyn are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 6,140 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are close to 5 stories. Most buildings in this market were built in 1950 and are Class A.

Downtown Brooklyn Community

A large portion of this area 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.

Market Report

Trends and status of the commercial real estate market in Downtown Brooklyn.
Market Report

Market Data

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