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

Dozens of people were arrested across the borough 1 Dozens arrested in 'Operation Hardball' drug takedown
The convenience of getting eye exams at home 2 12 on Health: Mobile and online eye exams
For her 10th birthday, Angelina has a News 3 Fan has News 12-themed birthday party
The New York Cosmos announced Tuesday that they 4 Cosmos set to make move to Brooklyn
Every month, the borough recognizes the extraordinary service 5 Detective, firefighters honored as 'Heroes of the Month'

advertisement | advertise on News 12

Features

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