On average, listings lease in the $30's per square foot per year. The Southern Brooklyn region is going through a decline in rates. In the last 3 months, the median rate decreased $17 per sqft per year. That's a 31% decline in rent.
Compared to the rest of the New York City market, the Southern Brooklyn submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 49 listings have been listed, so you'll want to check back regularly for new listings. About 31% of the available leases in the Southern Brooklyn are subleases, so you might be able to snag a great spot on a short term. 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 2,700 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this area are close to 2 stories. Most buildings in this region were built in 1931 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this area. Commute by public transit is the most popular way to get to work amongst Southern Brooklyn residents. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.