DUMBO Retail

DUMBO

Office Space Market Report

Number of Listings (last 90 days)
99
Median Rate ($/sqft/yr)
$60
Median Size (sqft)
2,750
As of: July 23, 2017

DUMBO Rates

On average, listings lease in the $60's per square foot per year. The DUMBO region is seeing a a boost in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 1% rise 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 discounted submarket.

DUMBO Listing Supply

In the last 90 days, 99 listings have been listed, so you'll want to check back regularly for new listings. About 46% of the available space 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 posted, so finding a space for a small business might be tough.

Even though the median size is 2,750 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings 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 market is residential, but there's plenty of office_space. Manufacturing is the dominant industry in this region. 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