Gravesend Sublease

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Gravesend

Office Space Market Report

Number of Listings (last 90 days)
3
Median Rate ($/sqft/yr)
$87
Median Size (sqft)
10,000
As of: June 23, 2017

Gravesend Rates

Most listings are in the $80's per square foot per year. The Gravesend region is going through a an increase in rates. In the last 3 months, the median rate increased $87 per sqft per year.

Compared to the rest of the New York City market, the Gravesend region has greater rates, and you'll have to negotiate above asking rent to be in this hot region.

Gravesend Listing Supply

In the last 90 days, 3 listings have come on the market, which means spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 367% of the available space in the Gravesend 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 5,000 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this region are around 2 stories. Most buildings in this area were built in 1931 and are Class A.

Gravesend Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this region. Most of the residents of Gravesend work from home. Commuting close to 10 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 Gravesend.
Market Report

Market Data

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