South Brooklyn Sublease

South Brooklyn

Office Space Market Report

Number of Listings (last 90 days)
65
Median Rate ($/sqft/yr)
$59
Median Size (sqft)
3,770
As of: December 2, 2016

South Brooklyn Rates

The typical asking rate per listing is in the $50's per square foot per year. The South Brooklyn submarket is going through a a rise in rates. In the last 3 months, the median rate increased $4 per sqft per year. That's a 7% increase in rent.

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

South Brooklyn Listing Supply

In the last 90 days, 64 listings have been posted online, so you'll want to check back regularly for new listings. About 2% of the available leases in the South Brooklyn are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

Even though the median size is 4,000 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market are around 3 stories. Most buildings in this market were built in 1931 and are Class A.

South Brooklyn Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this market. Most of the occupants of South Brooklyn work from home. Commuting between 20 and 25 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 South Brooklyn.
Market Report

Market Data

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