Commercial Real Estate Market in Brooklyn, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
5,465 active listings and 71,819 off-market properties in Brooklyn, NY. Commercial property asks $619/SF to buy and $43.75/SF/Yr to lease.
Market Trends
Brooklyn, NY spans 68.1 square miles in Kings County, New York. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Brooklyn, NY asks $44.18/SF/Yr to lease and $620/SF to buy. Vacancy runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Retail
Retail space in Brooklyn, NY asks $59.88/SF/Yr to lease and $433/SF to buy. Vacancy runs 6% across the Northeast region in 2025, little changed from 6% in 2019. Down from a 2020 peak of 7.1%.
Industrial
Industrial vacancy in Brooklyn, NY runs 7.6% across the Northeast region in 2025, up from 5.4% in 2019. Nearly 2.4x the 2021 low of 3.2%.
Vacancy Rate % in Northeast region
Multifamily
Multifamily space in Brooklyn, NY asks $628/SF to buy. Vacancy runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in Northeast region
Market overview
Demographics & Economy
Brooklyn, NY has 2,735,593 residents in 1,090,146 households. Density runs 40,149 people per square mile. Median household income here is $82,160 and median gross rent $1,859 a month.
2,735,593
Population
1,090,146
Households
2.5
Avg Household Size
36
Median Age
40%
College-Educated
84%
High-School Grad
68.1 sq mi
ZIP Area
40,149
Density / Sq Mi
$82,160
Median Household Income
$52,360
Median Earnings
$1,859
Median Rent
$962,422
Median Home Value
Tools
Lease vs Buy Breakeven
At $43.75/SF/Yr lease vs $619/SF buy → buying wins if held > 3.1 years.
The comparison uses county-wide sale comps against Brooklyn asking rents, so the implied 7.1% gross yield is computed off asking rents rather than a closed-deal cap-rate benchmark. Assumes 30% down at 6.5% fixed, 2% a year in taxes and upkeep, 3% appreciation, 5% opportunity cost, 2% closing plus 5% selling costs, and a 3% annual rent escalator.
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Staten Island | $468 (county avg) | $29.59 |
| New York | — | $53.97 |
| Bayonne | — | $19.68 |
| Long Island City | — | $46.85 |
Commercial property in Brooklyn, NY asks $619/SF. That compares with $468/SF in Staten Island.
Frequently Asked Questions
What is the average price per square foot for commercial property in Brooklyn?
Commercial property in Brooklyn, NY asks an average of $619 per square foot. The 7 most recent recorded sales traded at a median of $1,693/SF. Multifamily carries the highest asking price at $628/SF.
How much does it cost to lease commercial space in Brooklyn?
Asking lease rates in Brooklyn, NY average $43.75 per square foot per year. Office asks $44.18/SF/Yr as of Q2 26, up from $42.10/SF/Yr in Q1 26.
Is it cheaper to lease or buy commercial space in Brooklyn?
Buying beats leasing in Brooklyn, NY if the property is held longer than 3.1 years, comparing $43.75/SF/Yr asking rent with $619/SF asking price. The model assumes 30% down at 6.5% fixed, 2% of value per year in taxes and upkeep, 3% appreciation, 5% opportunity cost on the cash and a 3% annual rent escalator.
How does Brooklyn compare to nearby markets on price?
Brooklyn, NY asks $619/SF against $468/SF in Staten Island. Staten Island is the cheapest entry point at 24% below Brooklyn pricing, with $29.59/SF/Yr asking rents.
Where does Realmo's Brooklyn market data come from?
Realmo compiles Brooklyn, NY figures from 8 recent recorded sales, 4,357 active sale listings, 1,112 active lease listings, 71,819 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 4,353 active for-sale and 1,112 active for-lease listings in Brooklyn, NY. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Price per square foot
- The county-level $/SF blends closed sales aggregated over the trailing months of available data, not a single day's snapshot — it can differ from any one month's own median.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Refresh
- The monthly aggregates close at the end of the previous month, so 30 September 2026 — not today — is the honest last update.
- Known limitations
- the lease-vs-buy comparison mixes county-wide sale comps with city asking rents, office vacancy is reported at Northeast region level, retail vacancy is reported at Northeast region level and industrial vacancy is reported at Northeast region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 30 September 2026 · report a data issue
