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)
3,190
As of: June 26, 2017

Northwestern Brooklyn Rates

The typical asking rate per listing is in the $50's per square foot per year. The Northwestern Brooklyn submarket is experiencing a a rise in rates. In the last 3 months, the median rate increased $59 per sqft per year.

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

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 58% of the available space in the Northwestern Brooklyn 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 available, so finding a space for a small business might be tough.

Even though the median size is 3,190 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are close to 5 stories. Most buildings in this region 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 region. 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