Brooklyn Commercial Market Trends

Stats: Quarterly Yearly

Market Overview for Quarter 4, 2023


Median price/sqft

$471

0.6% YoY


Sales volume

$1.5B

-30.9% YoY


Transactions

413

-19.8% YoY


Total sqft

3.2M

-38.4% YoY

There were a total of 413 transactions, down 19.8% compared to the same period last year. The median price per square foot in Quarter 4, 2023 was $471, a change of 0.6% Y-o-Y.

Median Commercial Sale Price Per Square Feet

Brooklyn commercial real estate price per square foot in Quarter 4, 2023 was $471, up by 0.6% Y-o-Y.

Commercial Transactions in Brooklyn

Brooklyn commercial real estate transactions in Quarter 4, 2023 was 413, down by 19.8% Y-o-Y.

Commercial Sales Volume in Brooklyn

Brooklyn commercial real estate sales volume in Quarter 4, 2023 was $1.5B, down by 30.9% Y-o-Y.

Total sqft of Commercial Properties Sold in Brooklyn

Brooklyn commercial real estate total square feet in Quarter 4, 2023 was 3.2M, down by 38.4% Y-o-Y.

Brooklyn Commercial Sales Volume by Property Type

Recent Significant Sales

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

Top Boroughs in New York City

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

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

See also

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