Sheepshead Bay Sublease

Sheepshead Bay

Office Space Market Report

Number of Listings (last 90 days)
12
Median Rate ($/sqft/yr)
$41
Median Size (sqft)
1,500
As of: December 7, 2016

Sheepshead Bay Rates

Most listings are in the $40's per square foot per year. The Sheepshead Bay submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 5% decrease in rent.

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

Sheepshead Bay Listing Supply

In the last 90 days, 12 listings have been made available, which means office spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 1,500 sqft. Most properties in this region are around 2 floors. Most buildings in this region were built in 1945 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 market. Commute by walking is the most popular way to get to work amongst Sheepshead Bay residents. Commuting around 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