South Brooklyn Retail

South Brooklyn

Office Space Market Report

Number of Listings (last 90 days)
65
Median Rate ($/sqft/yr)
$59
Median Size (sqft)
3,770
As of: December 4, 2016

South Brooklyn Rates

On average, listings lease in the $50's per square foot per year. The South Brooklyn submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 4% decline in rent.

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

South Brooklyn Listing Supply

In the last 90 days, 65 listings have been made available, so you'll want to check back regularly for new listings. About 2% of the office spaces in the South 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 posted, so finding a space for a small business might be tough.

Even though the median size is 3,770 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this region are around 3 floors. Most buildings in this area were built in 1931 and are Class A.

South Brooklyn Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this market. Most of the occupants of South Brooklyn work from home. Commuting between 20 and 25 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 South Brooklyn.
Market Report

Market Data

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