Why implement your retail space in Brooklyn?   

Brooklyn boasts a thriving market for retail space, making it an attractive destination for businesses looking to establish a presence in this vibrant borough. From well-known neighborhoods like Williamsburg and Park Slope to trendy areas like DUMBO and Gowanus, Brooklyn offers a diverse range of retail spaces for lease.  

These spaces cater to various industries, from fashion boutiques and specialty stores to restaurants and entertainment venues. With a mix of high foot traffic areas, bustling commercial corridors, and unique retail environments, Brooklyn provides ample opportunities for businesses to connect with a diverse and engaged customer base. Whether it's the vibrant energy of Brooklyn's hipster havens or the established retail destinations in well-established neighborhoods, leasing retail space in Brooklyn allows businesses to tap into the borough's thriving community and capitalize on its reputation as a cultural and culinary hub.

How much does it cost to rent a retail space in Brooklyn?

The cost of renting retail space in Brooklyn can vary greatly depending on several factors, including the location, size, condition, and specific features of the space. The average asking rents for retail spaces in Brooklyn range from approximately $80 to $200 per square foot per year, with prime locations and high-demand areas commanding higher rents.

To read: our MarketBeat report analyzes quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.

Are retail space rents likely to increase in Brooklyn?

Brooklyn has experienced a steady increase in retail space rents in recent years due to its growing popularity, strong local economy, and vibrant consumer base. Factors such as the borough's diverse neighborhoods, thriving arts and culture scene, and unique retail environments have contributed to the upward trend in rents. Additionally, limited supply and high demand for retail spaces in desirable locations have also influenced rental prices. However, the future trajectory of retail space rents in Brooklyn will depend on various factors, including overall economic conditions, market dynamics, and consumer trends.

Popular neighborhoods in Brooklyn

Brooklyn offers a variety of popular neighborhoods for leasing retail space, each with its own unique charm and commercial appeal. Some of the well-known neighborhoods in Brooklyn known for their vibrant retail environments include:

• Williamsburg: Williamsburg is a trendy neighborhood known for its vibrant arts and music scene. It offers a mix of local boutiques, independent shops, vintage stores, and specialty markets. Bedford Avenue, the main thoroughfare, is a bustling retail hub attracting both locals and tourists.
• DUMBO (Down Under the Manhattan Bridge Overpass): DUMBO is a dynamic neighborhood known for its converted warehouses, art galleries, and stunning waterfront views. It offers a mix of upscale boutiques, designer shops, and artisanal eateries, creating a unique shopping experience.
• Park Slope: Park Slope is a family-friendly neighborhood known for its tree-lined streets, brownstones, and local businesses. 7th Avenue and 5th Avenue are the main commercial corridors, offering a diverse range of shops, boutiques, cafes, and restaurants catering to the community.
• Brooklyn Heights: Brooklyn Heights is a historic neighborhood known for its charming brownstones and scenic views of the Manhattan skyline. Montague Street, the neighborhood's main shopping district, features a mix of small independent shops, cafes, and specialty stores.
• Fort Greene: Fort Greene is a vibrant and culturally diverse neighborhood known for its lively arts scene. Fulton Street and Myrtle Avenue are popular retail corridors, offering a mix of local boutiques, vintage shops, and specialty stores.

Getting to and from Brooklyn

• By Airplane: There are three major airports serving NYC - John F. Kennedy International Airport (JFK), LaGuardia Airport (LGA), and Newark Liberty International Airport (EWR). Travelers can fly to these airports from anywhere in the world.
• By Train: Amtrak, Long Island Rail Road (LIRR), and New Jersey Transit (NJT) provide train services to and from NYC, connecting travelers to nearby cities and states.
• By Bus: Several bus companies, such as Greyhound, Megabus, and BoltBus, offer affordable and convenient bus services to and from NYC.
• By Car: Travelers can drive to NYC by taking major highways like I-95, I-78, or I-80, or by using local roads and bridges.
• By Ferry: NYC's waterways offer ferry services from nearby cities, such as Jersey City, Hoboken, and Staten Island, providing scenic and enjoyable ways to travel to and from the city.