On average, listings lease in the $30's per square foot per year. The Southeastern Brooklyn region is experiencing a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 2% decrease in rent.
Compared to the rest of the New York City market, the Southeastern Brooklyn submarket has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 5 listings have come on the market, which means office spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 7,000 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are approximately 1 floors. Most buildings in this market were built in 1941 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Company management is the dominant industry in this area. Commute by taxi is the most popular way to get to work amongst Southeastern Brooklyn residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.