Sheepshead Bay Sublease

Sheepshead Bay

Office Space Market Report

Number of Listings (last 90 days)
33
Median Rate ($/sqft/yr)
$33
Median Size (sqft)
2,700
As of: July 21, 2017

Sheepshead Bay Rates

On average, listings lease in the $50's per square foot per year. The Sheepshead Bay submarket is seeing a an increase in rates. In the last 3 months, the median rate went up $16 per sqft per year. That's a 40% rise in rent.

Compared to the rest of the New York City market, the Sheepshead Bay submarket has lower rates, so you should have no trouble finding a great deal in this undervalued region.

Sheepshead Bay Listing Supply

In the last 90 days, 33 listings have come on the market, which means listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 39% of the available leases in the Sheepshead Bay 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 on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,800 sqft. Most buildings in this market are around 2 stories. Most buildings in this market were built in 1950 and are Class A.

Sheepshead Bay Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Sheepshead Bay residents. Commuting approximately 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 Sheepshead Bay.
Market Report

Market Data

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