Southern Brooklyn Retail

Southern Brooklyn

Office Space Market Report

Number of Listings (last 90 days)
49
Median Rate ($/sqft/yr)
$87
Median Size (sqft)
2,700
As of: July 26, 2017

Southern Brooklyn Rates

The typical asking rate per listing is in the $80's per square foot per year. The Southern Brooklyn region is experiencing a an increase in rates. In the last 3 months, the median rate rose $48 per sqft per year. That's a 120% increase in rent.

Compared to the rest of the New York City market, the Southern Brooklyn submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.

Southern Brooklyn Listing Supply

In the last 90 days, 49 listings have come on the market, so you'll want to check back regularly for new listings. About 31% of the office spaces in the Southern Brooklyn are subleases, so you might be able to find a shorter term or below market rent. 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 2,700 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this area are around 2 stories. Most buildings in this region 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 residents. 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