On average, listings lease in the $40's per square foot per year. The Williamsburg submarket is going through a an increase in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 3% rise in rent.
Compared to the rest of the New York City market, the Williamsburg region has smaller rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 109 listings have been listed, so you'll want to check back regularly for new listings. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,560 sqft. Most properties in this area are approximately 3 floors. Most buildings in this market 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. Professional services is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Williamsburg folk. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.