Crown Heights Sublease

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Crown Heights

Office Space Market Report

Number of Listings (last 90 days)
10
Median Rate ($/sqft/yr)
$46
Median Size (sqft)
4,000
As of: December 9, 2016

Crown Heights Rates

Most listings are in the $40's per square foot per year. The Crown Heights region is experiencing a decrease in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 11% decrease in rent.

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

Crown Heights Listing Supply

In the last 90 days, 10 listings have been posted online, which means listings most likley are 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 posted, so finding a space for a small business might be tough.

Even though the median size is 3,500 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are close to 3 stories. Most buildings in this area were built in 1928 and are Class C.

Crown Heights Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Crown 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 Crown Heights.
Market Report

Market Data

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