On average, listings lease in the $20's per square foot per year. The Flatlands submarket is seeing a a boost in rates. In the last 3 months, the median rate went up $26 per sqft per year.
Compared to the rest of the New York City market, the Flatlands submarket has less expensive rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 4 listings have been listed, which means new listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 75% of the listings in the Flatlands are subleases, so you might be able to snag a great spot on a short term. 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 listings below 2,000 sqft. Most buildings in this area are around 1 stories. Most buildings in this area 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 market. Commute by bike is the most popular way to get to work amongst Flatlands occupants. Commuting approximately an hour and a half a day is the norm for those who opt to reside in this part of town.