On average, listings lease in the $60's per square foot per year. The Flatbush submarket is experiencing a a boost in rates. In the last 3 months, the median rate increased $23 per sqft per year. That's a 53% increase in rent.
Compared to the rest of the New York City market, the Flatbush region has greater rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 4 listings have been posted online, which means spaces might be 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 2,000 sqft. Most properties in this area are approximately 3 floors. Most buildings in this area 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 residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.