Brooklyn, NY Commercial Real Estate Market Overview
Initially the home of a large share of New York City’s manufacturing industry, Brooklyn has become a hot spot for startups in recent years, but it has also managed to retain a number of textiles, fabricated metals and furniture manufacturers, as well. It has also experienced significant growth in service support jobs, including computer services, accounting and personal supply agencies.
Companies such as Apple, Google, Johnson & Johnson and American Express drive demand for commercial real estate in Brooklyn. Brooklyn Navy Yard — which was once known as the top ship-building site in the U.S. — is now home to a series of artisans, food processing businesses, television production companies and design firms.