Eastern Brooklyn Retail

Eastern Brooklyn

Office Space Market Report

Number of Listings (last 90 days)
9
Median Rate ($/sqft/yr)
$29
Median Size (sqft)
20,000
As of: July 25, 2017

Eastern Brooklyn Rates

The typical asking rate per listing is in the $20's per square foot per year. The Eastern Brooklyn region is experiencing a a rise in rates. In the last 3 months, the median rate increased $9 per sqft per year. That's a 42% rise in rent.

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

Eastern Brooklyn Listing Supply

In the last 90 days, 9 listings have been made available, which means leases might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 156% of the listings in the Eastern Brooklyn are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 20,000 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are approximately 1 floors. Most buildings in this region were built in 1930 and are Class A.

Eastern Brooklyn Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Eastern 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 Eastern Brooklyn.
Market Report

Market Data

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