DUMBO Retail

DUMBO

Office Space Market Report

Number of Listings (last 90 days)
491
Median Rate ($/sqft/yr)
$60
Median Size (sqft)
2,930
As of: August 17, 2017

DUMBO Rates

Most listings are in the $60's per square foot per year. The DUMBO region is experiencing a a rise in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 1% increase in rent.

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

DUMBO Listing Supply

In the last 90 days, 99 listings have been made available, so you'll want to check back regularly for new listings. About 52% of the office spaces in the DUMBO are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

Even though the median size is 2,930 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are close to 11 floors. Most buildings in this market were built in 1925 and are Class C.

DUMBO Community

A large portion of this area is residential, but there's plenty of office_space. Manufacturing is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst DUMBO occupants. Commuting more than an hour and a half 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 DUMBO.
Market Report

Market Data

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