Southwestern Brooklyn Sublease

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Southwestern Brooklyn

Office Space Market Report

Number of Listings (last 90 days)
31
Median Rate ($/sqft/yr)
$34
Median Size (sqft)
1,380
As of: March 30, 2017

Southwestern Brooklyn Rates

The typical asking rate per listing is in the $30's per square foot per year. The Southwestern Brooklyn region is going through a decline in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 10% decrease in rent.

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

Southwestern Brooklyn Listing Supply

In the last 90 days, 31 listings have been posted online, which means leases 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.

The standard measurement for office space in this area is around 1,380 sqft. Most properties in this area are around 3 stories. Most buildings in this market were built in 1931 and are Class A.

Southwestern Brooklyn Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Southwestern Brooklyn occupants. Commuting more than an hour and a half 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 Southwestern Brooklyn.
Market Report

Market Data

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