On average, listings lease in the $20's per square foot per year. The Greenpoint submarket is seeing a decline in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 17% decline in rent.
Compared to the rest of the New York City market, the Greenpoint region has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 7 listings have come on the market, which means listings are probably going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 3,200 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are around 3 floors. Most buildings in this region were built in 1930 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this area. Commute by motorcycle is the most popular way to get to work amongst Greenpoint folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.