Northwestern Brooklyn Sublease

186 Joralemon St Space
Brooklyn Heights, New York City, NY

Northwestern Brooklyn

Office Space Market Report

Number of Listings (last 90 days)
195
Median Rate ($/sqft/yr)
$59
Median Size (sqft)
2,990
As of: July 21, 2017

Northwestern Brooklyn Rates

Most listings are in the $60's per square foot per year. The Northwestern Brooklyn submarket is going through a a rise in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 2% increase in rent.

Compared to the rest of the New York City market, the Northwestern Brooklyn submarket has smaller rates, so you should have no trouble finding a great deal in this discounted region.

Northwestern Brooklyn Listing Supply

In the last 90 days, 195 listings have been posted online, so you'll want to check back regularly for new listings. About 51% of the office spaces in the Northwestern Brooklyn are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

Even though the median size is 3,140 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this region are around 5 stories. Most buildings in this area were built in 1931 and are Class A.

Northwestern Brooklyn Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Northwestern Brooklyn folk. Commuting under 5 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 Northwestern Brooklyn.
Market Report

Market Data

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