On average, listings lease in the $70's per square foot per year. The Flatbush region is seeing a a rise in rates. In the last 3 months, the median rate went up $25 per sqft per year. That's a 49% rise in rent.
Compared to the rest of the New York City market, the Flatbush region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 21 listings have been posted online, which means new listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 48% of the listings in the Flatbush 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 3,200 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are around 3 floors. Most buildings in this region were built in 1931 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst Flatbush residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.