Most listings are in the $50's per square foot per year. The Downtown Brooklyn submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $12 per sqft per year. That's a 18% decrease in rent.
Compared to the rest of the New York City market, the Downtown Brooklyn submarket has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 29 listings have been posted online, which means new listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 7% of the available space in the Downtown Brooklyn are subleases, so you will probably have to consider a longer term 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 13,000 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are approximately 5 floors. Most buildings in this region 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 market. Commute by walking is the most popular way to get to work amongst Downtown Brooklyn occupants. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.