Brooklyn Commercial Market Trends

Stats: Quarterly Yearly

Market Overview for Quarter 4, 2022


Average price/sqft

$436

-10% YoY


Sales volume

$2.2B

-43% YoY


Transactions

494

-29% YoY


Total sqft

4.9M

-38% YoY

There were a total of 494 transactions, representing a Y-o-Y decrease of 29%. The average price per square foot in Quarter 4, 2022 was $436, a change of -10% Y-o-Y.

Average Commercial Sale Price Per Square Feet

Brooklyn commercial real estate price per square foot in Quarter 4, 2022 was $436, down by 10% Y-o-Y.

Commercial Transactions in Brooklyn

Brooklyn commercial real estate transactions in Quarter 4, 2022 was 494, down by 29% Y-o-Y.

Commercial sales volume in Brooklyn

Brooklyn commercial real estate sales volume in Quarter 4, 2022 was $2.2B, down by 43% Y-o-Y.

Total sqft of Commercial properties sold in Brooklyn

Brooklyn commercial real estate total square feet in Quarter 4, 2022 was 4.9M, down by 38% Y-o-Y.

Brooklyn Commercial Sales Volume by property type

Recent Significant Sales

Property Address Submarket Sale Date Price Square Feet Average Price/Sqft Package Deal

Top Boroughs in New York City

Brooklyn average price per sqft compared with other boroughs in New York City

Submarket Borough Average sale price/sqft Transactions Sales volume Total sqft

See also

Fair use and redistribution

We encourage and freely grant you permission to reuse and repost the information, charts and images found in this report. When doing so, we only ask that you link back to this page, or PropertyShark.com.

Disclaimer

PropertyShark.com provides commercial market trend information (Data) on an "as is" basis for the user's personal use. Data comes from publicly available sources which can be out of date. PropertyShark.com provides no warranties regarding title, merchantability, or fitness for a particular purpose. While reasonable efforts are made toward maintaining a high standard of quality of information, PropertyShark.com does not warrant the accuracy, completeness, timeliness or other characteristics of the Data.