On average, listings lease in the $50's per square foot per year. The Flatbush submarket is seeing a decline in rates. In the last 3 months, the median rate fell $15 per sqft per year. That's a 22% decline in rent.
Compared to the rest of the New York City market, the Flatbush submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 21 listings have been posted online, which means listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,500 sqft. Most properties in this market are close to 3 stories. Most buildings in this market 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 area. Commute by bike is the most popular way to get to work amongst Flatbush folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.