Borough Park Sublease

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Borough Park

Office Space Market Report

Number of Listings (last 90 days)
8
Median Rate ($/sqft/yr)
$33
Median Size (sqft)
3,000
As of: February 27, 2017

Borough Park Rates

On average, listings lease in the $30's per square foot per year. The Borough Park region is going through a decrease in rates. In the last 3 months, the median rate fell $62 per sqft per year. That's a 65% decline in rent.

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

Borough Park Listing Supply

In the last 90 days, 8 listings have been listed, which means leases are probably going fast. You'll want to be prepared to tour spaces as quick as possible. 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 3,000 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are approximately 3 stories. Most buildings in this region were built in 1931.

Borough Park Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this region. Commute by taxi is the most popular way to get to work amongst Borough Park folk. Commuting under 5 minutes 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 Borough Park.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Borough Park.
Research