Most listings are in the $30's per square foot per year. The South Brooklyn submarket is seeing a a rise in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 2% increase in rent.
Compared to the rest of the New York City market, the South Brooklyn region has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 100 listings have been listed, so you'll want to check back regularly for new listings. About 74% of the listings in the South 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 posted, so finding a space for a small business might be tough.
Even though the median size is 6,990 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are approximately 3 floors. Most buildings in this market were built in 1931 and are Class B.
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 area. Most of the residents 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.