Bay Ridge Sublease

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Bay Ridge

Office Space Market Report

Number of Listings (last 90 days)
5
Median Rate ($/sqft/yr)
$38
Median Size (sqft)
14,960
As of: January 19, 2017

Bay Ridge Rates

On average, listings lease in the $30's per square foot per year. The Bay Ridge region is seeing a decrease in rates. In the last 3 months, the median rate fell $8 per sqft per year. That's a 17% 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 discounted region.

Bay Ridge Listing Supply

In the last 90 days, 5 listings have been posted online, which means leases might be leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

Even though the median size is 14,960 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are close to 3 stories. Most buildings in this area were built in 1931 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 area. Commute by bike is the most popular way to get to work amongst Bay Ridge residents. 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