Bay Ridge Sublease

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Bay Ridge

Office Space Market Report

Number of Listings (last 90 days)
10
Median Rate ($/sqft/yr)
$49
Median Size (sqft)
900
As of: August 20, 2017

Bay Ridge Rates

Most listings are in the $40's per square foot per year. The Bay Ridge submarket is experiencing a an increase in rates. In the last 3 months, the median rate went up $49 per sqft per year.

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

Bay Ridge Listing Supply

In the last 90 days, 10 listings have been listed, which means new availabilities might be leasing quickly. You'll want to be prepared to make an offer immediately. About 20% of the office spaces in the Bay Ridge are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 900 sqft. Most buildings in this area are around 3 floors. Most buildings in this region were built in 1926 and are Class C.

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 area. Commute by bike is the most popular way to get to work amongst Bay Ridge folk. Commuting approximately 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