Northwestern Brooklyn Retail

Northwestern Brooklyn

Office Space Market Report

Number of Listings (last 90 days)
112
Median Rate ($/sqft/yr)
$60
Median Size (sqft)
3,190
As of: January 16, 2017

Northwestern Brooklyn Rates

Most listings are in the $50's per square foot per year. The Northwestern Brooklyn submarket is going through a a rise in rates. In the last 3 months, the median rate increased $0 per sqft per year. That's a 0% rise in rent.

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

Northwestern Brooklyn Listing Supply

In the last 90 days, 112 listings have come on the market, so you'll want to check back regularly for new listings. About 4% of the listings 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 available, so finding a space for a small business might be tough.

Even though the median size is 3,190 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are around 5 floors. Most buildings in this market were built in 1931 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 folk. 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