Northwestern Brooklyn Retail

Northwestern Brooklyn

Office Space Market Report

Number of Listings (last 90 days)
195
Median Rate ($/sqft/yr)
$60
Median Size (sqft)
2,630
As of: March 12, 2017

Northwestern Brooklyn Rates

Most listings are in the $50's per square foot per year. The Northwestern Brooklyn region is going through a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 2% decline in rent.

Compared to the rest of the New York City market, the Northwestern Brooklyn submarket 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, 195 listings have been listed, so you'll want to check back regularly for new listings. About 6% of the available space in the Northwestern Brooklyn are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 2,630 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are approximately 5 floors. Most buildings in this area were built in 1930 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 area. Commute by car is the most popular way to get to work amongst Northwestern Brooklyn residents. 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