Most listings are in the $30's per square foot per year. The Southern Brooklyn region is going through a decrease in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 4% decline in rent.
Compared to the rest of the New York City market, the Southern Brooklyn region has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 49 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.
Even though the median size is 2,700 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are approximately 2 floors. Most buildings in this region were built in 1931 and are Class A.
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 region. 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.