On average, listings lease in the $40's per square foot per year. The Greenpoint region is going through a decrease in rates. In the last 3 months, the median rate decreased $5 per sqft per year. That's a 10% decline in rent.
Compared to the rest of the New York City market, the Greenpoint region has less expensive rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 13 listings have been listed, which means spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 85% of the office spaces in the Greenpoint are subleases, so you might be able to find a shorter term or below market rent. 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 6,850 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are approximately 3 floors. Most buildings in this area were built in 1931 and are Class C.
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 residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.