Most listings are in the $30's per square foot per year. The South Brooklyn region is experiencing a decrease in rates. In the last 3 months, the median rate fell $0 per sqft per year. That's a 0% decline in rent.
Compared to the rest of the New York City market, the South Brooklyn submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 100 listings have come on the market, so you'll want to check back regularly for new listings. About 85% of the listings in the South Brooklyn are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 5,050 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are close to 3 floors. Most buildings in this region were built in 1931 and are Class B.
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 folk 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.