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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2,135 Commercial Real Estate Listings in Brooklyn, NY

CRE Market Stats

52 Sackman Street

52 Sackman Street, Ocean Hill, Brooklyn, NY
For Sale

$2,300,000
Property

Land

3,712 SF
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141 Flushing Avenue

141 Flushing Avenue, Brooklyn Navy Yard, Brooklyn, NY
For Lease

$32.00 - $44.00/SF/YR
Property

Mixed Use

1,177,000 SF
Availability

3 Spaces

3,854 SF
Year Built

2017
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2423 Mermaid Ave

2423 Mermaid Ave, Coney Island, Brooklyn, NY
For Lease

$3,000.00/MO
Property

Mixed Use

3,218 SF
Availability

1 Space

1,093 SF
Year Built

1920
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1263 St Johns/243 Troy Ave

243 Troy Ave, Crown Heights, Brooklyn, NY
For Lease

Contact for pricing
Property

Retail

10,108 SF
Availability

1 Space

1,200 SF
Year Built

1907
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Brooklyn Navy Yard - Building 77

63 Flushing Avenue, Brooklyn Navy Yard, Brooklyn, NY
For Lease

Contact for pricing
Property

Office

1,000,000 SF
Availability

13 Spaces

72,900 SF
Year Built

2017
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1444 Flatbush Ave

1444 Flatbush Ave, Midwood, Brooklyn, NY
For Lease

$6,750.00/MO
Property

Retail

2,200 SF
Availability

1 Space

1,800 SF
Year Built

1933
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1110 Linwood Street

1110 Linwood Street, East New York, Brooklyn, NY
For Lease

Contact for pricing
Property

Industrial

77,000 SF
Availability

1 Space

5,000 SF
Year Built

1971
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420 Gates Ave

420 Gates Ave, Bedford-Stuyvesant, Brooklyn, NY
For Lease

Contact for pricing
Property

Healthcare

42,710 SF
Availability

2 Spaces

9,771 SF
Year Built

2020
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546 Atlantic Ave

546 Atlantic Ave, Boerum Hill, Brooklyn, NY
For Lease

Contact for pricing
Property

Retail

90,000 SF
Availability

1 Space

3,047 SF
Year Built

2021
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231 Norman Avenue

231 Norman Avenue, Greenpoint, Brooklyn, NY
For Lease

Contact for pricing
Property

Office

52,088 SF
Availability Contact for availability
Year Built

1913
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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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776 Franklin Ave

776 Franklin Ave, Crown Heights, Brooklyn, NY
For Lease

$55.00/SF/YR
Property

Retail

3,000 SF
Availability

1 Space

3,000 SF
Year Built

1925
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12,087 SF | 2128 Ocean Ave | Community Facility For Sale Off Kings Highway

2128 Ocean Ave, Homecrest, Brooklyn, NY
For Sale

$1,799,000
Property

Other

65,469 SF
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995 Remsen Avenue

995 Remsen Avenue, Canarsie, Brooklyn, NY
For Sale

Contact for pricing
Property

Industrial

13,000 SF
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1539-1559 Troy Avenue

1539 Troy Avenue, East Flatbush, Brooklyn, NY
For Lease

Contact for pricing
Property

Industrial

40,000 SF
Availability

1 Space

19,000 SF
Year Built

1973
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3180 Fulton St

3180 Fulton St, East New York, Brooklyn, NY
For Sale

Contact for pricing
Property

Retail

4,455 SF
Year Built

1920
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75 Jackson St

75 Jackson St, Williamsburg, Brooklyn, NY
For Sale

$3,400,000
Property

Mixed Use

2,600 SF
Year Built

1899
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1005 Greene Avenue

1005 Greene Avenue, Bedford-Stuyvesant, Brooklyn, NY
For Lease

Contact for pricing
Property

Industrial

15,000 SF
Availability Contact for availability
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252 Empire Blvd

252 Empire Blvd, Prospect - Lefferts Gardens, Brooklyn, NY
For Lease

Contact for pricing
Property

Restaurant

2,828 SF
Availability

1 Space

2,828 SF
Year Built

1925
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208 Rogers Ave

208 Rogers Ave, Crown Heights, Brooklyn, NY
For Lease

$25.00/SF/YR
Property

Retail

3,300 SF
Availability

1 Space

2,200 SF
Year Built

1920
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294-296 Utica Ave

294-296 Utica Ave, Crown Heights, Brooklyn, NY
For Lease

$90.00 - $450.00/SF/YR
Property

Office

6,720 SF
Availability

3 Spaces

2,625 SF
Year Built

1925
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Sunset Yards

341 39th Street, Sunset Park, Brooklyn, NY
For Lease

Contact for pricing
Property

Office

200,000 SF
Availability

7 Spaces

124,000 SF
Year Built

2019
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Kings Highway Plaza

5200 Kings Hwy, East Flatbush, Brooklyn, NY
For Lease

Contact for pricing
Property

Retail

79,516 SF
Availability

2 Spaces

14,342 SF
Year Built

2021
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272 & 280 Johnson Avenue

272 Johnson Avenue, Williamsburg, Brooklyn, NY
For Lease

Contact for pricing
Property

Industrial

31,450 SF
Availability

1 Space

31,450 SF
Year Built

1958
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295 Front Street

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

Contact for pricing
Property

Retail

88,223 SF
Availability

2 Spaces

19,212 SF
Year Built

2018
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103 Atlantic Ave

103 Atlantic Ave, Brooklyn Heights, Brooklyn, NY
For Lease

Contact for pricing
Property

Retail

5,740 SF
Availability

1 Space

4,000 SF
Year Built

1910
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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

2,135 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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