Most listings are in the $40's per square foot per year. The Sheepshead Bay submarket is experiencing a an increase in rates. In the last 3 months, the median rate rose $4 per sqft per year. That's a 10% rise in rent.
Compared to the rest of the New York City market, the Sheepshead Bay region has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 33 listings have come on the market, which means leases most likley are leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet available, 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 properties in this region are approximately 2 floors. Most buildings in this area were built in 1945 and are Class A.
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 region. Commute by walking is the most popular way to get to work amongst Sheepshead Bay occupants. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.