The typical asking rate per listing is in the $20's per square foot per year. The Flatlands submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $7 per sqft per year. That's a 20% decline in rent.
Compared to the rest of the New York City market, the Flatlands region has less expensive rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 4 listings have been made available, which means spaces are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 50% of the office spaces in the Flatlands are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 7,000 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this area are approximately 1 stories. Most buildings in this market were built in 1963 and are Class A.
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 bike is the most popular way to get to work amongst Flatlands folk. Commuting around an hour and a half a day is the norm for those who opt to reside in this part of town.