On average, listings lease in the $50's per square foot per year. The Northwestern Brooklyn submarket is seeing a a rise in rates. In the last 3 months, the median rate increased $3 per sqft per year. That's a 6% rise 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 undervalued submarket.
In the last 90 days, 195 listings have been posted online, so you'll want to check back regularly for new listings. About 3% of the listings in the Northwestern Brooklyn are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 3,140 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this area are close to 5 stories. Most buildings in this region were built in 1931 and are Class A.
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 area. 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.