Northwestern Brooklyn Retail

Northwestern Brooklyn

Office Space Market Report

Number of Listings (last 90 days)
107
Median Rate ($/sqft/yr)
$59
Median Size (sqft)
2,500
As of: December 2, 2016

Northwestern Brooklyn Rates

The typical asking rate per listing is in the $50's per square foot per year. The Northwestern Brooklyn submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 2% decrease in rent.

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

Northwestern Brooklyn Listing Supply

In the last 90 days, 109 listings have been posted online, so you'll want to check back regularly for new listings. About 5% of the available leases in the Northwestern 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 on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,500 sqft. Most properties in this region are close to 5 stories. Most buildings in this area were built in 1928 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 region. 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