What are the different types of commercial real estate?

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate . However, there are three main categories that you are most likely to come across: office, retail, and industrial space . Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Brooklyn commercial real estate market incorporates 61,008,009 square feet of office space across 588 buildings. Office buildings can also accommodate coworking spaces , which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis. In Brooklyn, the coworking segment of the commercial real estate market incorporates about 29,609 square feet. Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Brooklyn commercial real estate market includes 26,147,395 square feet of retail space in a variety of settings. Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Brooklyn market, there is a total of 43,911,799 square feet of industrial property.

What types of commercial real estate are available in Brooklyn, NY?

The largest share of commercial real estate space for lease in Brooklyn is represented by Office space , which accounts for 25,650,037 square feet of available listings. Retail space available in Brooklyn adds up to 15,348,030 square feet.

What factors affect the price of commercial real estate in Brooklyn, NY?

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

What is the average rent for commercial space in Brooklyn, NY?

The average rent for commercial real estate space listed for lease in Brooklyn is $45.09 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in Brooklyn can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset. What’s more, each commercial property type makes its own rent market: while the average rent for office space rested at $46.07 per square foot, industrial space in Brooklyn saw average rents of $28.1 per square foot.

What are the best areas for commercial real estate in Brooklyn, NY?

The best choice of location for commercial space depends on the factors that are most relevant to your business. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type. As such, there are several areas that you could consider to be the best location for commercial real estate in Brooklyn, depending on the property type you are interested in. The highest concentration of commercial space listings of any kind in Brooklyn is in the Williamsburg neighborhood. But if we look at each commercial property type, we find that for office space, the best location is the Downtown Brooklyn area . Meanwhile, retail space opportunities are most abundant in the Williamsburg submarket. Alternatively, if you are looking for warehouse or other industrial space, consider looking at listings in Sunset Park . Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

How do I find a good commercial real estate broker?

Whether or not leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker . In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market , the property type you need representation for, and will handle negotiations on your behalf in your best interest. To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker . Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests. CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

What is the most profitable commercial real estate?

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $135 per square foot. In particular, the property type commanding the highest lease rates in Brooklyn was Retail space. Conversely, the highest sale price last year was $185,500,000 that is located at 9 MetroTech Center.

What is the average size of a commercial property in Brooklyn, NY?

The average size of a commercial property in Brooklyn depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use: In Brooklyn, the average size of an office property is 117,549 square feet. Retail properties here incorporate an average of 39,677 square feet. Industrial space in Brooklyn is in buildings that are, on average 131,867 square feet in size.

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2,154 Commercial Real Estate Listings in Brooklyn, NY

CRE Market Stats

25% off Brooklyn Heights - MetroTech
Regus
1 Pierrepont Plaza 12th Floor, Brooklyn, NY
Services

Virtual Office

Open Workspace

Private Office

Dedicated Desk
Amenities

24/7 security

Access to global network

Business lounge

Cleaning services

Complimentary coffee & tea

High-speed internet

High-speed wifi

Kitchen

Mail services

Money-back guarantee
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25% off Spaces Dumbo
Spaces
175 Pearl Street Floors 1 through 3, Brooklyn, NY
Services

Virtual Office

Open Workspace

Private Office

Dedicated Desk
Amenities

24/7 security

Access to global network

Business lounge

Catering

Cleaning services

Complimentary coffee & tea

High-speed internet

High-speed wifi

Mail services

Money-back guarantee
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738 Grand St

738 Grand St, Williamsburg, Brooklyn, NY
For Lease

Contact for pricing
Property

Mixed Use

10,503 SF
Availability

2 Spaces

5,160 SF
Year Built

2018
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Kingswood Center II

1715 East 13th Street, Homecrest, Brooklyn, NY
For Lease

Contact for pricing
Property

Office

109,813 SF
Availability

2 Spaces

16,656 SF
Year Built

2019
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1675 63rd St

1675 63rd St, Borough Park, Brooklyn, NY
For Lease

Contact for pricing
Property

Industrial

16,000 SF
Availability Contact for availability
Year Built

1931
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2,080 sf Commercial Building With 3,200 sf Land For Lease

1773 Bushwick Ave, Bushwick, Brooklyn, NY
For Lease

Contact for pricing
Property

Industrial

2,080 SF
Availability

1 Space

2,080 SF
Year Built

1931
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249-251 Huron Street

249 Huron Street, Greenpoint, Brooklyn, NY
For Sale

Contact for pricing
Property

Industrial

19,600 SF
Year Built

1931
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2000 Coney Island Ave

2000 Coney Island Ave, Midwood, Brooklyn, NY
For Lease

$35.08/SF/YR
Property

Office

7,600 SF
Availability

1 Space

1,300 SF
Year Built

1931
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100 Bogart Street

100 Bogart Street, Williamsburg, Brooklyn, NY
For Sale

$25,000,000
Property

Industrial

64,261 SF
Year Built

2016
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1749 E 16th St #Medc

1749 E 16th St #Medc, Homecrest, Brooklyn, NY
For Sale

$1,289,000
Property

Office

2,304 SF
Year Built

2003
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135,000 sf Industry City Sublease

882 3rd Avenue, Greenwood Heights, Brooklyn, NY
For Lease

Contact for pricing
Property

Industrial

634,500 SF
Availability

1 Space

135,000 SF
Year Built

2013
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1610 Nostrand Ave

1610 Nostrand Ave, Flatbush, Brooklyn, NY
For Lease

Contact for pricing
Property

Restaurant

3,520 SF
Availability

1 Space

800 SF
Year Built

1930
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3107 Farragut Rd

3107 Farragut Rd, East Flatbush, Brooklyn, NY
For Sale

$150/SF
Property

Multi-Family

2,538 SF
Year Built

1915
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787 Franklin Avenue

787 Franklin Avenue, Crown Heights, Brooklyn, NY
For Sale

Under Contract
Property

Retail

7,975 SF
Year Built

1931
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970 Flushing Avenue

970 Flushing Avenue, Bushwick, NY
For Sale

$1,900,000
Property

Retail

1,200 SF
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3,750 - 5,400 SF | 291 Ellery St | Brand New Office Spaces for Lease

291 Ellery Street, Bedford-Stuyvesant, Brooklyn, NY
For Lease

Contact for pricing
Property

Office

28,286 SF
Availability

2 Spaces

9,150 SF
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12,771 - 26,949 SF | 295 Front St | Office Space

295 Front St, Vinegar Hill, Brooklyn, NY
For Lease

Contact for pricing
Property

Office

75,500 SF
Availability

4 Spaces

66,669 SF
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1580 Flatbush Avenue

1580 Flatbush Avenue, Midwood, Brooklyn, NY
For Lease

$65.00/SF/YR
Property

Office

12,500 SF
Availability

1 Space

7,100 SF
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2,835 SF | 2226 McDonald Avenue | Mixed Use Building with Upside for Sale

2226 McDonald Avenue, Gravesend, Brooklyn, NY
For Sale

$1,200,000
Property

Office

2,835 SF
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604 Pacific Street | Flagship Opportunity Across From The Barclay's Center

604 Pacific Street, Park Slope, Brooklyn, NY
For Lease

Contact for pricing
Property

Retail

20,000 SF
Availability

2 Spaces

20,000 SF
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2,300 SF | 1413 Kings Highway | Vanilla Box Retail Space for Lease

1413 Kings Highway, Midwood, Brooklyn, NY
For Lease

Contact for pricing
Property

Retail

4,520 SF
Availability

1 Space

2,300 SF
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266 Meserole Ave

266 meserole ave, Greenpoint, Brooklyn, NY
For Lease

Contact for pricing
Property

Office

25,800 SF
Availability

5 Spaces

25,800 SF
Year Built

2019
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1119 Broadway

1119 Broadway, Bushwick, Brooklyn, NY
For Sale

Contact for pricing
Property

Mixed Use

8,775 SF
Year Built

2016
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267 Franklin Avenue

267 Franklin Avenue, Bedford-Stuyvesant, Brooklyn, NY
For Lease

Contact for pricing
Property

Office

14,745 SF
Availability

2 Spaces

16,242 SF
Year Built

2017
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1074 fulton street

1074 fulton street, Bedford-Stuyvesant, Brooklyn, NY
For Sale

$2,500,000
Property

Mixed Use

3,840 SF
Year Built

1930
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ABSOLUTE OFFICE SPACE
Absolute-Spaces
621 Brighton Beach Avenue, Brooklyn, NY
Amenities

Bike storage

Catering

Complimentary coffee & tea

Free water

High-speed wifi

Parking

Pet friendly

Printer

Privacy booths

Projector
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Building Size Range	Total Square Feet	Share of Total Office
50k to 100k Sq. Ft.	6,438,751 Sq. Ft.	12.53%
100k to 500k Sq. Ft.	19,999,697 Sq. Ft.	38.91%
500k to 1M Sq. Ft.	9,862,751 Sq. Ft.	19.19%
> 1M Sq. Ft.	10,909,201 Sq. Ft.	21.22%

Class	Total Square Feet	Share of Total Office
Class A+	500,000 Sq. Ft.	0.97%
Class A	22,344,238 Sq. Ft.	43.47%
Class B	18,826,940 Sq. Ft.	36.63%
Class C	3,981,227 Sq. Ft.	7.74%

Building Size Range	Total Square Feet	Share of Total Industrial
50k to 100k Sq. Ft.	9,146,118 Sq. Ft.	19.28%
100k to 500k Sq. Ft.	15,319,332 Sq. Ft.	32.3%
500k to 1M Sq. Ft.	3,893,396 Sq. Ft.	8.21%
> 1M Sq. Ft.	9,685,288 Sq. Ft.	20.42%

Class	Total Square Feet	Share of Total Industrial
Class A	14,569,780 Sq. Ft.	30.72%
Class B	21,005,868 Sq. Ft.	44.29%
Class C	9,916,725 Sq. Ft.	20.91%

Building Size Range	Total Square Feet	Share of Total Retail
50k to 100k Sq. Ft.	1,932,845 Sq. Ft.	13.39%
100k to 500k Sq. Ft.	5,977,885 Sq. Ft.	41.42%
500k to 1M Sq. Ft.	1,565,231 Sq. Ft.	10.84%
> 1M Sq. Ft.	1,137,000 Sq. Ft.	7.88%

City	Property Type	Count of Listings	Total SF
Brooklyn, NY	Office	346	25,650,037
Brooklyn, NY	Retail	591	15,348,030
Brooklyn, NY	Industrial	220	4,571,874
Brooklyn, NY	Other	1,557	64,120,795

2,154 Commercial Real Estate Listings in Brooklyn, NY

Brooklyn, NY Commercial Real Estate Market Overview

Frequently Asked Questions

What are the different types of commercial real estate?

What types of commercial real estate are available in Brooklyn, NY?

What factors affect the price of commercial real estate in Brooklyn, NY?

What is the average rent for commercial space in Brooklyn, NY?

What are the best areas for commercial real estate in Brooklyn, NY?

How do I find a good commercial real estate broker?

What is the most profitable commercial real estate?

What is the average size of a commercial property in Brooklyn, NY?

Brooklyn, NY Commercial Real Estate Inventory Breakdown

Total Office Space in Brooklyn: 51,404,077 Sq. Ft.

Total Industrial Space in Brooklyn: 47,429,398 Sq. Ft.

Total Retail Space in Brooklyn: 14,433,265 Sq. Ft.

Brooklyn, NY Currently Available Listings

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