Brooklyn, NY Office Overview
The Brooklyn office market includes the Bedford - Stuyvesant, DUMBO, and Bushwick submarkets. With a metropolitan population of over 2.6 million people, the 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, the area has a strong demand for Class A workspaces.
As of mid-2017, the office market in Brooklyn contains nearly 28 million square feet in properties larger than 50,000 square feet. The commercial real estate market in the borough is heavily influenced by the national economy and the performance of the nearby 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, it contributes 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 product adding another 49% of inventory.
The Downtown Brooklyn market sees some of the strongest demand for Class A workspaces in the borough. Located along Flatbush Avenue and Fulton Street, the area is home to investment grade properties 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: 49.588.127 SF
By square footage range:
- 50k to 100k SF: 6.458.493 SF / 13.02% of total office
- 100k to 500k SF: 19.208.482 SF / 38.74% of total office
- 500k to 1M SF: 11.296.451 SF / 22.78% of total office
- > 1M SF: 12.624.701 SF / 25.46% of total office
By class:
- Class A: 22.526.929 SF / 45.43% of total office
- Class B: 15.511.511 SF / 31.28% of total office
- Class C: 2.494.254 SF / 5.03% of total office
Top 10 Largest Office Buildings
in Brooklyn
| Office building | Address | Sqft | Year built |
|---|---|---|---|
| Industry City | 892 3rd Avenue, 11232 | 5,814,919 | 2013 |
| Brooklyn Army Terminal - Flex Building | 140 58th Street, 11220 | 2,139,190 | 1918 |
| 4 MetroTech Center | 4 MetroTech Center, 11201 | 1,330,743 | 1990 |
| Brooklyn Renaissance Plaza | 335 Adams Street, 11201 | 1,163,539 | 1998 |
| Brooklyn Navy Yard - Building 77 | 63 Flushing Avenue, 11205 | 1,000,000 | 2017 |
| MetroTech Center | 1 MetroTech Center, 11201 | 925,000 | 1991 |
| One MetroTech Center | 351 Jay Street, 11201 | 897,012 | 1990 |
| The Wheeler | 181 Livingston Street, 11201 | 844,378 | 2020 |
| One Pierrepont Plaza | 135 Pierrepont Street, 11201 | 744,000 | 1988 |
| WeWork Building | Dock 72 Brooklyn Navy Yard, 11205 | 675,000 | 2019 |
Largest Office Properties Recently Completed
in Brooklyn
| Office building | Address | Sqft | Year built |
|---|---|---|---|
| 1 Willoughby Square | 420 Albee Square West, 11201 | 500,000 | 2021 |
| The Paxton | 532 Fulton Street, 11201 | 398,271 | 2021 |
| Singer Center | 1508 Coney Island Avenue, 11230 | 147,077 | 2021 |
| Maimonides Medical Center - Medical Arts Building | 4813 49th Street, 11219 | 140,000 | 2021 |
| The Hall - Building C | 313 Park Avenue, 11205 | 120,965 | 2021 |
| The Hall - Buildings A & J | 248 Flushing Avenue, 11205 | 110,063 | 2021 |
| The Hall - Buildings D & E | 303 Park Avenue, 11205 | 87,635 | 2021 |
| 103 North 13th Street | 103 North 13th Street, 11211 | 59,986 | 2021 |
| The Hall - Building F | 43 Hall Street, 11205 | 59,973 | 2021 |
| The Hall - Buildings G & H | 33 Hall Street, 11205 | 58,258 | 2021 |
Brooklyn, NY Green Office Space
Tenants are increasingly demanding energy-efficient, green workspaces to lease and developers in Brooklyn are doing their best to meet that demand. A great example of a LEED certified office building in the borough is the Brooklyn Navy Yard - Building 77. This 1-million-square-foot Class A creative office space 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 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 workspaces continues to be strong.
Brooklyn, NY's Top Office-Using Sectors
The Brooklyn commercial real estate market is driven largely by high technology, professional business services, media & entertainment, and large corporate back-office users.
- High Technology – includes firms such as Livestream, Kickstarter, Etsy, MakerBot, Huge, and Amplify.
- Business Services – 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.
- Back Office – Morgan Stanley and JPMorgan Chase.
Frequently Asked Questions
How much does office space cost in Brooklyn, NY?
The average office rental rate in Brooklyn, NY is $38.51 per square foot. Asking prices vary based on the property’s location, overall rating, amenities, proximity to restaurants, cafes and entertainment venues, as well as public transport, airports and highways. Check Brooklyn Office Market Trends for more stats.
What is the size of available office spaces in Brooklyn, NY?
The Brooklyn, NY office market can accommodate various businesses, sporting a range of office space availabilities. The average size of office space availabilities is 152,692 square feet. If you’re just starting out as a company or as an entrepreneur, the smallest available office space in Brooklyn, NY is 120 square feet, while the maximum rentable space on the market now is 305,263 square feet.
How do I get office space in Brooklyn, NY?
Start your search for office space in Brooklyn, NY by using our filters that allow you to find the best space for your business needs. Filter listings by location, property size, available space or lease rate. Property pages will offer details about an office building’s rating, year built, availabilities, price per square foot and more. After drawing up a shortlist, make sure you contact the listed broker(s) to schedule a viewing and begin the negotiation process for your lease contract.
How many office listings are available in Brooklyn, NY?
There are 520 office listings on the Brooklyn, NY market. See all available office spaces for rent.
Where to rent an office space in Brooklyn, NY?
Popular Brooklyn neighbourhoods with available office spaces include Northwestern Brooklyn, Northern Brooklyn and Downtown Brooklyn.
What other property types are available for lease in Brooklyn, NY?
In addition to traditional office spaces, commercial real estate listings on our platform also include coworking & shared office space options, retail spaces, industrial buildings, warehouses, distribution facilities, and more.
Brooklyn Demographics
Population
- Total Population2,546,331
- Male Population(47.4 %) 1,206,442
- Female Population(52.6 %) 1,339,890
- Median Age35.20
Income/Financial
- Average Household Income$90,499
- Median Household Income$58,257
- Median Income Under 25$47,075
- Median Income 25-44$71,459
- Median Income 45-64$64,005
- Median Income Over 65$29,593
News
Whittle School Signs Lease for Tishman’s Recently Completed 620K SF Brooklyn Office Space
February 07, 2020
The Whittle School―a private school founded by former Esquire magazine Chairman Chris Whittle―has signed a 20-year lease for 620,000 square feet of office space at the Wheeler complex in downtown Brooklyn. The deal comes at the tail end of several months of negotiations between owner and develop...
Original cast iron columns, barrel vaulted ceilings, and decorative brickwork have been masterfully preserved during the adaptive reuse renovation of this 100+-year-old Brooklyn gem. Check out the full story on our building of the week.
Ever since the financial crisis, a growing number of workers have seen their schedules become increasingly flexible, as many have either turned to freelancing full-time, taken on a second job or are looking to launch their own business. Coworking offices have sprung up throughout the nation, cat...