Northern Brooklyn Retail

Northern Brooklyn

Office Space Market Report

Number of Listings (last 90 days)
104
Median Rate ($/sqft/yr)
$54
Median Size (sqft)
1,570
As of: January 19, 2017

Northern Brooklyn Rates

On average, listings lease in the $40's per square foot per year. The Northern Brooklyn submarket is going through a decrease in rates. In the last 3 months, the median rate fell $11 per sqft per year. That's a 18% decrease in rent.

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

Northern Brooklyn Listing Supply

In the last 90 days, 88 listings have been posted online, so you'll want to check back regularly for new listings. About 3% of the available leases in the Northern Brooklyn are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,110 sqft. Most buildings in this area are approximately 3 stories. Most buildings in this area were built in 1931 and are Class A.

Northern Brooklyn 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 region. Commute by taxi is the most popular way to get to work amongst Northern Brooklyn residents. 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 Northern Brooklyn.
Market Report

Market Data

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