The typical asking rate per listing is in the $40's per square foot per year. The Bushwick submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $29 per sqft per year. That's a 39% decline in rent.
Compared to the rest of the New York City market, the Bushwick submarket has smaller rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 14 listings have been posted online, which means listings might be going fast. You'll want to be prepared to make an offer immediately. 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 1,680 sqft. Most properties in this area are close to 2 floors. Most buildings in this area were built in 1931 and are Class C.
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 region. Commute by car is the most popular way to get to work amongst Bushwick residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.