Gowanus Sublease

Gowanus

Office Space Market Report

Number of Listings (last 90 days)
11
Median Rate ($/sqft/yr)
$73
Median Size (sqft)
4,000
As of: February 23, 2017

Gowanus Rates

The typical asking rate per listing is in the $70's per square foot per year. The Gowanus submarket is going through a a boost in rates. In the last 3 months, the median rate rose $9 per sqft per year. That's a 15% increase in rent.

Compared to the rest of the New York City market, the Gowanus submarket has more expensive rates, and you'll need to make a great offer to be in this hot region.

Gowanus Listing Supply

In the last 90 days, 11 listings have been listed, which means listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 9% of the listings in the Gowanus are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

Even though the median size is 4,000 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this area are approximately 2 stories. Most buildings in this area were built in 1931 and are Class B.

Gowanus Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this area. Commute by taxi is the most popular way to get to work amongst Gowanus folk. Commuting close to an hour 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 Gowanus.
Market Report

Market Data

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