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Brooklyn Market Reports

Brooklyn Office Market

Average Asking Rent (Price/SF) $51.99
Availability Rate (%) 17.9%
Net Absorption (SF) 80,562

Brooklyn ended the quarter with an overall average asking rent of $51.99/SF, a 3.1% increase from the prior quarter. This increase extended the streak in rent growth to six straight quarters. This quarter's growth was the direct result of the newly renovated 41 Flatbush Avenue in Downtown Brooklyn. That submarket rose 22.1% from last quarter, whereas all other submarkets were stable quarter-over-quarter.



Brooklyn Office Market Report
4Q18
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