Bay Ridge Sublease

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Bay Ridge

Office Space Market Report

Number of Listings (last 90 days)
10
Median Rate ($/sqft/yr)
$46
Median Size (sqft)
1,200
As of: March 29, 2017

Bay Ridge Rates

The typical asking rate per listing is in the $40's per square foot per year. The Bay Ridge submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $8 per sqft per year. That's a 15% decline in rent.

Compared to the rest of the New York City market, the Bay Ridge submarket has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.

Bay Ridge Listing Supply

In the last 90 days, 10 listings have been listed, which means new availabilities are probably going fast. You'll want to be prepared to make an offer immediately. 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 1,200 sqft. Most buildings in this area are close to 3 floors. Most buildings in this region were built in 1926 and are Class A.

Bay Ridge Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Agriculture is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Bay Ridge occupants. Commuting close to 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 Bay Ridge.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Bay Ridge.
Research