Brooklyn Heights Sublease

186 Joralemon St Space
Brooklyn Heights, New York City, NY

Brooklyn Heights

Office Space Market Report

Number of Listings (last 90 days)
31
Median Rate ($/sqft/yr)
$64
Median Size (sqft)
12,740
As of: August 18, 2017

Brooklyn Heights Rates

Most listings are in the $60's per square foot per year. The Brooklyn Heights region is seeing a decline in rates. In the last 3 months, the median rate decreased $8 per sqft per year. That's a 11% decline in rent.

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

Brooklyn Heights Listing Supply

In the last 90 days, 31 listings have been made available, which means listings are probably going fast. You'll want to be prepared to make an offer immediately. About 52% of the listings in the Brooklyn Heights are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

Even though the median size is 12,740 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this region are approximately 12 stories. Most buildings in this region were built in 1920 and are Class B.

Brooklyn Heights Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this market. Commute by taxi is the most popular way to get to work amongst Brooklyn Heights occupants. Commuting between 30 and 45 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 Brooklyn Heights.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Brooklyn Heights.
Research