Market Overview for Quarter 4, 2022
Average price/sqft
-10% YoY
Sales volume
-43% YoY
Transactions
-29% YoY
Total sqft
-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.
Brooklyn commercial real estate price per square foot in Quarter 4, 2022 was $436, down by 10% Y-o-Y.
Brooklyn commercial real estate transactions in Quarter 4, 2022 was 494, down by 29% Y-o-Y.
Brooklyn commercial real estate sales volume in Quarter 4, 2022 was $2.2B, down by 43% Y-o-Y.
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 Data comes from publicly available sources which can be out of date.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.