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Office Space for Rent in Brooklyn, NY - 166 Listings

Brooklyn, NY - Office Space for Lease

Brooklyn, NY Office Overview

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The Brooklyn office market includes the Bedford - Stuyvesant, DUMBO, and Bushwick commercial real estate submarkets. With a metropolitan population of over 2.6 million people, this New York borough is part of the greater New York metropolitan area, which harbors over 14.4 million residents. Known as a preferred location for the back-office operations of companies based in Manhattan’s Financial District, there is consistently strong demand for Class A office space in Brooklyn.

As of mid-2017, the office market in Brooklyn contains nearly 28 million square feet of existing office space in properties larger than 50,000 square feet. The commercial real estate market in Brooklyn is heavily influenced by the national economy and the performance of the nearby New York City and Manhattan business sectors.

Brooklyn, NY Office Inventory Description

Brooklyn is the most populous borough of New York City, so much so that if it were an individual city it would be the third-largest in the country, right behind Chicago and Los Angeles. As part of the New York metropolitan area, Brooklyn contributes its share to the region's over $1.2 trillion in annual gross metropolitan product. Nearly 46% of the office space in Brooklyn is Class A or A+, with Class B office space adding another 49% of inventory to the Brooklyn office market.

The Downtown Brooklyn office market sees some of the strongest demand for Class A office space in the borough. Located along Flatbush Avenue and Fulton Street, the area is home to investment grade office buildings such as One MetroTech Center, Dumbo Heights - 77 Sands Street, and the Brooklyn Renaissance Plaza at 335 Adams Street.

Brooklyn, NY Commercial Inventory Breakdown

Office Spaces

Total: 44,428,520 SF

Data provided by Yardi Matrix, properties over 50k SF, includes office with retail

By square footage range:

  • 50k to 100k SF: 3,688,401 SF / 8.3% of total office
  • 100k to 500k SF: 14,587,076 SF / 32.83% of total office
  • 500k to 1M SF: 13,695,980 SF / 30.83% of total office
  • > 1M SF: 12,457,063 SF / 28.04% of total office

By class:

  • Class A: 21,611,086 SF / 48.64% of total office
  • Class B: 13,939,702 SF / 31.38% of total office
  • Class C: 1,844,473 SF / 4.15% of total office

Top 10 Largest Office Buildings

in Brooklyn

Office building Address Sqft Year built
Industry City at Bush Terminal 892 3rd Avenue, 11232 7,050,000 2013
Pacific Park - Site 5 590 Atlantic Avenue, 11238 1,600,000 n/a
Brooklyn Renaissance Plaza 335 Adams Street, 11201 1,476,320 1998
4 MetroTech Center 4 MetroTech Center, 11201 1,330,743 1990
Brooklyn Navy Yard - Building 77 63 Flushing Avenue, 11205 1,000,000 2017
One MetroTech Center 351 Jay Street, 11201 897,012 1990
Eighth Avenue Center 6208 8th Avenue, 11220 892,860 n/a
85 Jay Street 85 Jay Street, 11201 878,010 2021
Pacific Park - B4 Tower SWC 6th Avenue & Atlantic Avenue, 11217 824,629 n/a
Red Hoek Point 280 Richards Street, 11231 818,000 2020

Most Recently-Built Office Buildings

in Brooklyn

Office building Address Sqft Year built
Brooklyn Navy Yard - Building 77 63 Flushing Avenue, 11205 1,000,000 2017
Pioneer Building 41 Flatbush Avenue, 11217 260,865 2017
620 Fulton Street 620 Fulton Street, 11217 132,900 2017
The Jefferson 455 Jefferson Street, 11237 125,000 2017
2361 Nostrand Avenue 2361 Nostrand Avenue, 11210 50,000 2017
815 Broadway 815 Broadway, 11206 50,000 2017
Empire Stores 55 Water Street, 11201 500,000 2016
95 Evergreen 95 Evergreen Avenue, 11206 158,150 2016
160 Van Brunt Street 160 Van Brunt Street, 11231 98,650 2016
Brooklyn Navy Yard - New Lab 19 Morris Avenue, 11205 84,000 2016

Brooklyn, NY Green Office Space

Employment

Tenants are increasingly demanding energy-efficient, green office space to lease and developers and office building owners in Brooklyn are doing their best to meet that demand. A great example of a LEED certified office building in Brooklyn is the Brooklyn Navy Yard - Building 77. Located in the Northwestern Brooklyn office submarket, this 1-million- square-foot Class A creative office space building was built in 2017 and is awaiting its LEED Silver certification.

According to the 2017 National Green Building Adoption Index, the percentage of energy- efficient green office buildings increased from just under 5% back in 2005 to about 38% today. While Brooklyn was not one of the 30 markets that were surveyed for the index, its commitment to LEED and EPA Energy Star-certified office buildings and green office space continues to be strong.

Brooklyn, NY’s Top Office-Using Sectors

The Brooklyn commercial real estate and Class A office market is driven largely by the top office-using sectors of high technology, professional business services, media & entertainment, and large corporate back-office users.

  • High Technology – Livestream, Kickstarter, Etsy, MakerBot, Huge, and Amplify are some of the largest Brooklyn high tech companies and creators of white-collar office employment in Brooklyn.
  • Business Services – Users of Class A office space in Brooklyn include companies such as the Seamark Group, Rapid Realty, Powers Accounting Machine, and Instaprint.
  • Media & Entertainment – VICE Media, Brooklyn Media, Gimlet Media, KTAV Publishing House, and Mason Jar Music are just a handful of the many office users in this business sector.
  • Back Office – Companies creating demand for back office space in Brooklyn include Morgan Stanley and JPMorgan Chase.

Brooklyn Demographics

Population

  • Total Population2,551,564
  • Male Population(47.4 %) 1,208,242
  • Female Population(52.6 %) 1,343,322
  • Median Age34.60

Income/Financial

  • Average Household Income$72,054
  • Median Household Income$45,936
  • Median Income Under 25$35,942
  • Median Income 25-44$54,606
  • Median Income 45-64$51,633
  • Median Income Over 65$24,383

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