The typical asking rate per listing is in the $40's per square foot per year. The Central Brooklyn submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 9% decrease in rent.
Compared to the rest of the New York City market, the Central Brooklyn region has lower rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 61 listings have been posted online, so you'll want to check back regularly for new listings. About 57% of the office spaces in the Central Brooklyn 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,500 sqft. Most properties in this market are close to 3 floors. Most buildings in this region were built in 1931 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Agriculture is the dominant industry in this area. Most of the residents of Central Brooklyn work from home. Commuting around 15 minutes a day is the norm for those who opt to reside in this part of town.