Compared to the rest of the New York City market, the Gravesend submarket has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 3 listings have been listed, which means leases are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 67% of the office spaces 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 3,000 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are around 2 stories. Most buildings in this area 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. Information is the dominant industry in this region. Most of the occupants of Gravesend work from home. Commuting approximately 10 minutes a day is the norm for those who opt to reside in this part of town.