Greenpoint Retail

Greenpoint

Office Space Market Report

Number of Listings (last 90 days)
13
Median Rate ($/sqft/yr)
$48
Median Size (sqft)
1,800
As of: June 22, 2017

Greenpoint Rates

The typical asking rate per listing is in the $40's per square foot per year. The Greenpoint region is experiencing a a boost in rates. In the last 3 months, the median rate went up $48 per sqft per year.

Compared to the rest of the New York City market, the Greenpoint submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.

Greenpoint Listing Supply

In the last 90 days, 13 listings have been posted online, which means listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 146% of the available leases in the Greenpoint 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 4,000 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are around 3 stories. Most buildings in this market were built in 1931 and are Class C.

Greenpoint Community

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 market. 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.

Market Report

Trends and status of the commercial real estate market in Greenpoint.
Market Report

Market Data

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