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 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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1,400 SF | 269 Meserole St | Renovated Retail/Office Space for Lease

269 Meserole St, Williamsburg, Brooklyn, NY
For Lease

Contact for pricing
Property

Retail

18,131 SF
Availability

1 Space

1,400 SF
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371 Irving Avenue

371 Irving Ave, Bushwick, Brooklyn, NY
For Sale

$2,600,000
Property

Multi-Family

7,968 SF
Year Built

1931
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NEW CORNER Retail in GREENPOINT!

328 Nassau Ave, Greenpoint, Brooklyn, NY
For Lease

$50.00/SF/YR
Property

Retail

3,750 SF
Availability

1 Space

1,500 SF
Year Built

1931
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90,000 SF | 5805 2nd Avenue | Warehouse with Office Space

5805 2nd Avenue, Sunset Park, Brooklyn, NY
For Lease

Contact for pricing
Property

Industrial

360,400 SF
Availability

1 Space

90,000 SF
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Brooklyn Expo Center

67 West Street, Greenpoint, Brooklyn, NY
For Lease

$3,750.00/MO
Property

Retail

73,600 SF
Availability

1 Space

1,300 SF
Year Built

1931
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One Pierrepont Plaza

One Pierrepont Plaza, Downtown Brooklyn, Brooklyn, NY
For Lease

Contact for pricing
Property

Office

668,098 SF
Availability

1 Space

15,155 SF
Year Built

1988
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Atlantic Gardens

525 Atlantic Avenue, Boerum Hill, Brooklyn, NY
For Lease

Contact for pricing
Property

Retail

32,000 SF
Availability

4 Spaces

4,600 SF
Year Built

1900
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32 Bridge Street

32 Bridge Street, DUMBO, Brooklyn, NY
For Lease

$1,450.00 - $13,500.00/MO
Property

Mixed Use

67,346 SF
Availability

8 Spaces

7,449 SF
Year Built

2014
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3052 Brighton 1st

3052 Brighton 1 St, Brighton Beach, Brooklyn, NY
For Sale

Contact for pricing
Property

Mixed Use

72,715 SF
Year Built

2007
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170 Van Brunt Street

170 Van Brunt Street, Red Hook, Brooklyn, NY
For Lease

$40.00/SF/YR
Property

Flex Space

71,000 SF
Availability

3 Spaces

70,000 SF
Year Built

1920
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304 Graham Ave

304 Graham Ave, Williamsburg, Brooklyn, NY
For Sale

$2,950,000
Property

Multi-Family

3,576 SF
Year Built

1910
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318 Warren St

318 Warren St, Cobble Hill, Brooklyn, NY
For Lease

$45.00/SF/YR
Property

Mixed Use

35,000 SF
Availability

1 Space

3,500 SF
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77 Sands Street
WeWork
77 Sands Street, Brooklyn, NY
Services

Open Workspace

Meeting Room

Private Office

Dedicated Desk
Amenities

Mother’s room

Outdoor areas

Pet friendly

Privacy booths

Wellness room
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Build to Suit New Construction Ground Retail, Second Floor Community Use

885 Rogers Avenue, Flatbush, Brooklyn, NY
For Lease

Contact for pricing
Property

Other

106,690 SF
Availability

2 Spaces

16,759 SF
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252 5th Ave

252 5th Ave, Park Slope, Brooklyn, NY
For Lease

$6,950.00/MO
Property

Retail

950 SF
Availability

1 Space

950 SF
Year Built

1920
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1,100 SF | 1067 Nostrand Ave | Newly Renovated Retail Space for Lease

1067 Nostrand Ave, Prospect - Lefferts Gardens, Brooklyn, NY
For Lease

Contact for pricing
Property

Retail

3,300 SF
Availability

1 Space

1,100 SF
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1,200 SF | 300 Wyckoff Avenue | Fully Built Out & Vented Retail Space for Lease

300 Wyckoff Avenue, Bushwick, Brooklyn, NY
For Lease

Contact for pricing
Property

Retail

64,520 SF
Availability

1 Space

1,200 SF
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126-128 Throop Avenue

126 Throop Ave, Williamsburg, Brooklyn, NY
For Lease

Contact for pricing
Property

Industrial

3,264 SF
Availability Contact for availability
Year Built

1899
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537 E 91st St

537 E 91st St, East Flatbush, Brooklyn, NY
For Lease

Contact for pricing
Property

Special Purpose

21,747 SF
Availability

1 Space

20,000 SF
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13 Jefferson St

15 Jefferson St, Bushwick, Brooklyn, NY
For Lease

$40.00/SF/YR
Property

Retail

10,220 SF
Availability

1 Space

3,105 SF
Year Built

1950
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236 Plymouth St

236 Plymouth St, Vinegar Hill, Brooklyn, NY
For Lease

$49.00/SF/YR
Property

Industrial

19,960 SF
Availability

1 Space

20,000 SF
Year Built

1987
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147 Union St

147 Union St, Columbia Street Waterfront District, Brooklyn, NY
For Lease

$3,000.00/MO
Property

Mixed Use

2,082 SF
Availability

1 Space

1,250 SF
Year Built

1931
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1,100 - 6,160 SF | 2777 Atlantic Ave | Brand New Retail Space for Lease

2777 Atlantic Ave, East New York, Brooklyn, NY
For Lease

Contact for pricing
Property

Retail

290,584 SF
Availability

3 Spaces

10,960 SF
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1715 E 9th St

1715 E 9th St, Midwood, Brooklyn, NY
For Lease

Contact for pricing
Property

Retail

3,200 SF
Availability

1 Space

3,200 SF
Year Built

1931
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Industry City- Building 19

148 39th St, 3rd Floor, Sunset Park, Brooklyn, NY
For Lease

Contact for pricing
Property

Office

1,324,592 SF
Availability

1 Space

4,250 SF
Year Built

1911
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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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