The typical asking rate per listing is in the $40's per square foot per year. The Bushwick region is going through a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 1% decrease in rent.
Compared to the rest of the New York City market, the Bushwick submarket has lower rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 47 listings have come on the market, so you'll want to check back regularly for new listings. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 7,000 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are approximately 2 floors. Most buildings in this area were built in 1931 and are Class B.
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 area. Commute by car is the most popular way to get to work amongst Bushwick occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.