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Brooklyn Office Space for Sale
Office Space For Sale in Brooklyn
Brooklyn, New York, is known for its commercial and cultural diversity, making it a prime location for commercial real estate (CRE) investments, particularly in Office Spaces For Sale. The economy in Brooklyn is driven by various sectors such as technology and manufacturing. The area is well-served by an extensive transportation system, including multiple bridges and the Brooklyn-Battery Tunnel, creating a supportive environment for businesses. The presence of well-known educational institutions like Brooklyn College and the Pratt Institute adds value by enhancing the local workforce and contributing to the vibrant business setting. Brooklyn's location, bordered by the Atlantic Ocean and the East River, offers attractive views and a climate that is good for both business and leisure activities.
Office Spaces For Sale in Brooklyn enjoy the advantages of the borough's strong infrastructure, featuring an efficient public transportation network that provides convenient access throughout New York City. Being close to cultural sites like the Brooklyn Academy of Music and the Brooklyn Museum increases its appeal to businesses looking to start or grow. Besides office spaces, Brooklyn has a wide range of Commercial Real Estate listings eligible for 1031 exchanges, offering investors chances to expand their portfolios. Apartment Buildings respond to the needs of the borough's large population, while Shopping Centers and Hotels take advantage of Brooklyn's position as a center for tourism and retail. The combination of various property types within Brooklyn highlights the area's flexibility and potential as a real estate market. Additionally, if you're an investor and considering a "like-kind" property for a 1031 exchange, Brooklyn has office properties that could meet your requirements.
Learn About Office Space For Sale in Brooklyn
How many office space listings are available for sale in Brooklyn?
There are currently 104 office space listings available for sale in Brooklyn.
What factors should I consider when searching for office space for sale in Brooklyn?
When looking for office space for sale in Brooklyn, it's important to assess various aspects that influence both the property's potential and your business needs.
- Consider the economic landscape of Brooklyn, which is supported by a diverse mix of sectors including technology, services, and manufacturing, indicating a robust environment for businesses.
- Examine the proximity to key infrastructure and amenities such as the Brooklyn Navy Yard, public transportation options, and educational institutions, which can impact your operation's efficiency and attractiveness to employees.
How much does it cost to buy office space in Brooklyn?
The cost of buying office space in Brooklyn varies widely, but you can get a general idea by considering the average price per square foot is $590, with an average size of 11,930 SF.
What is the largest office space available to buy in Brooklyn?
The largest office space available for purchase in Brooklyn is 120,000 SF.
Why is Brooklyn an ideal location for office space for sale?
Brooklyn offers a vibrant economy with a strong mix of technology, services, and manufacturing sectors, coupled with extensive transportation links and a rich cultural scene.
Size Summary For Brooklyn Office Space
| Office Space Size | Square Feet |
|---|---|
| Maximum | 120,000 SF |
| Average | 11,930 SF |
| Minimum | 481 SF |
Cap Rate for Brooklyn Office Space
| Office Space Cap Rate | Cap Rate Percentage |
|---|---|
| Maximum | 9.01% |
| Average | 6.09% |
| Minimum | 3% |
Prices for Brooklyn Office Space
| Office Space Price | Price Per SF |
|---|---|
| Maximum | $2,360 Per SF |
| Average | $590 Per SF |
| Minimum | $196 Per SF |
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