Northwestern Brooklyn Retail

Northwestern Brooklyn

Office Space Market Report

Number of Listings (last 90 days)
195
Median Rate ($/sqft/yr)
$59
Median Size (sqft)
3,120
As of: August 20, 2017

Northwestern Brooklyn Rates

The typical asking rate per listing is in the $50's per square foot per year. The Northwestern Brooklyn submarket is going through a decline in rates. In the last 3 months, the median rate decreased $0 per sqft per year. That's a 0% decrease in rent.

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

Northwestern Brooklyn Listing Supply

In the last 90 days, 195 listings have been posted online, so you'll want to check back regularly for new listings. About 51% of the listings in the Northwestern Brooklyn are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 3,120 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this region are approximately 5 stories. Most buildings in this region were built in 1935 and are Class A.

Northwestern Brooklyn Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Northwestern Brooklyn occupants. Commuting under 5 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 Northwestern Brooklyn.
Market Report

Market Data

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