Report: Retail space rent rising in Brooklyn

A new report by the Real Estate Board of New York shows that businesses looking to open in Brooklyn may have to reach a little

Between North 12th Street and Grand Street on Bedford Avenue were the most expensive retail rents in the borough, with an average asking rent of more than $360 per square foot.

Between North 12th Street and Grand Street on Bedford Avenue were the most expensive retail rents in the borough, with an average asking rent of more than $360 per square foot. (4/10/16)

BROOKLYN - A new report by the Real Estate Board of New York shows that businesses looking to open in Brooklyn may have to reach a little deeper into their pockets.

The report analyzed the average asking rent for ground floor retail spaces in 15 major retail corridors in Brooklyn. In all but one of those corridors, there were slight increases in average asking rent for the first quarter of the year.

Between North 12th Street and Grand Street on Bedford Avenue were the most expensive retail rents in the borough, with an average asking rent of more than $360 per square foot.

 

advertisement | advertise on News 12

Trending Video

News 12 Brooklyn asked residents what they think 1 Word on the Street: Amazon Go
The 25-year-old had just recently started work at 2 Police look to question ex-boyfriend in death of correction officer
3 Brooklyn Sportscast, Dec. 6
Students from across Brooklyn were specially selected to 4 BK students selected to perform with Moscow Ballet
Construction crews are making repairs to a sinkhole 5 Crews repair sinkhole that disabled school bus in Brooklyn

advertisement | advertise on News 12

Features

Furry Friends is a weekly segment on News Furry Friends

Furry Friends is a weekly segment on News 12 Brooklyn nightside.

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE