Southwestern Brooklyn Retail

Southwestern Brooklyn

Office Space Market Report

Number of Listings (last 90 days)
31
Median Rate ($/sqft/yr)
$42
Median Size (sqft)
13,000
As of: May 20, 2017

Southwestern Brooklyn Rates

Most listings are in the $40's per square foot per year. The Southwestern Brooklyn region is seeing a a boost in rates. In the last 3 months, the median rate rose $8 per sqft per year. That's a 23% rise in rent.

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

Southwestern Brooklyn Listing Supply

In the last 90 days, 31 listings have come on the market, which means new listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 13,000 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are around 3 stories. Most buildings in this region were built in 1931 and are Class A.

Southwestern Brooklyn Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Southwestern Brooklyn occupants. Commuting more than an hour and a half 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 Southwestern Brooklyn.
Market Report

Market Data

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