The typical asking rate per listing is in the $100's per square foot per year. The Bedford-Stuyvesant submarket is going through a an increase in rates. In the last 3 months, the median rate increased $106 per sqft per year.
Compared to the rest of the New York City market, the Bedford-Stuyvesant region has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 11 listings have been listed, which means new listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About 155% of the listings in the Bedford-Stuyvesant are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 300 sqft. Most properties in this region are approximately 3 stories. Most buildings in this market were built in 1910 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Bedford-Stuyvesant occupants. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.