Northern Brooklyn Retail

Northern Brooklyn

Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 20, 2016

Northern Brooklyn Rates

The typical asking rate per listing is in the $50's per square foot per year. The Northern Brooklyn submarket is seeing a a rise in rates. In the last 3 months, the median rate increased $8 per sqft per year. That's a 16% increase in rent.

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

Northern Brooklyn Listing Supply

In the last 90 days, 97 listings have been posted online, so you'll want to check back regularly for new listings. About 2% of the office spaces in the Northern Brooklyn are subleases, so you will probably have to consider a longer term lease. 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 1,250 sqft. Most buildings in this area are approximately 3 floors. Most buildings in this market 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 area. Commute by taxi is the most popular way to get to work amongst Northern Brooklyn occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.