The typical asking rate per listing is in the $60's per square foot per year. The Flatbush submarket is seeing a a boost in rates. In the last 3 months, the median rate went up $23 per sqft per year. That's a 53% rise in rent.
Compared to the rest of the New York City market, the Flatbush region has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 5 listings have been listed, which means new listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,000 sqft. Most buildings in this market are close to 3 floors. Most buildings in this market 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. Wholesale trade is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Flatbush occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.