Southern Brooklyn Retail

Southern Brooklyn

Office Space Market Report

Number of Listings (last 90 days)
42
Median Rate ($/sqft/yr)
$45
Median Size (sqft)
1,800
As of: February 23, 2017

Southern Brooklyn Rates

The typical asking rate per listing is in the $40's per square foot per year. The Southern Brooklyn region is going through a a boost in rates. In the last 3 months, the median rate increased $2 per sqft per year. That's a 4% increase in rent.

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

Southern Brooklyn Listing Supply

In the last 90 days, 50 listings have come on the market, so you'll want to check back regularly for new listings. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,650 sqft. Most buildings in this market are approximately 2 stories. Most buildings in this area were built in 1931 and are Class A.

Southern Brooklyn Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this area. Commute by public transit is the most popular way to get to work amongst Southern Brooklyn folk. 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 Southern Brooklyn.
Market Report

Market Data

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