Brooklyn Commercial Market Trends

Stats: Quarterly Yearly

Market Overview for Quarter 3, 2021


Average price/sqft

$527

21% YoY


Sales volume

$1.6B

85% YoY


Transactions

604

70% YoY


Total sqft

3.5M

28% YoY

A total of 604 sales were closed, representing a Y-o-Y increase of 70%. The average price per square foot in Quarter 3, 2021 was $527, a change of 21% Y-o-Y.

Average Commercial Sale Price Per Square Feet

Brooklyn commercial real estate price per square foot in Quarter 3, 2021 was $527, up by 21% Y-o-Y.

Commercial Transactions in Brooklyn

Brooklyn commercial real estate transactions in Quarter 3, 2021 was 604, up by 70% Y-o-Y.

Commercial sales volume in Brooklyn

Brooklyn commercial real estate sales volume in Quarter 3, 2021 was $1.6B, up by 85% Y-o-Y.

Total sqft of Commercial properties sold in Brooklyn

Brooklyn commercial real estate total square feet in Quarter 3, 2021 was 3.5M, up by 28% 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

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