Brooklyn Office Market Trends

Stats: Quarterly Yearly

Market Overview for Quarter 1, 2022


Average price/sqft

$789

184% YoY


Sales volume

$89.3M

156% YoY


Transactions

19

72% YoY


Total sqft

112K

-8% YoY

A total of 19 sales were closed, representing a Y-o-Y increase of 72%. The average price per square foot in Quarter 1, 2022 was $789, a change of 184% Y-o-Y.

Average Office Sale Price Per Square Feet

Brooklyn office real estate price per square foot in Quarter 1, 2022 was $789, up by 184% Y-o-Y.

Office Transactions in Brooklyn

Brooklyn office real estate transactions in Quarter 1, 2022 was 19, up by 72% Y-o-Y.

Office sales volume in Brooklyn

Brooklyn office real estate sales volume in Quarter 1, 2022 was $89.3M, up by 156% Y-o-Y.

Total sqft of Office properties sold in Brooklyn

Brooklyn office real estate total square feet in Quarter 1, 2022 was 112K, down by 8% Y-o-Y.

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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