3Q 2019 Brooklyn Office Market Report

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# of Blocks

< 25,000 0.54 >250,000 (SF)


109
Block Size Range (SF)

850 Third Avenue


15 MetroTech Center
25,000-50,000 0.09 3

50,000-100,000 0.35 5

100,000-250,000 0.27 2

> 250,000 1.16 2

0.0 0.2 0.4 0.6 0.8 1.0 1.2 1.4


Total Availability (MSF)

Midtown $86.70

Midtown South $80.32

Manhattan $79.77

Downtown $63.86

"Brooklyn 30" $40.09

$0 $10 $20 $30 $40 $50 $60 $70 $80 $90


Average Asking Rent ($/SF)

"Brooklyn 30" 15.8%

Downtown 10.8%

Midtown 10.6%

Manhattan 9.8%

Midtown South 8.0%

0% 2% 4% 6% 8% 10% 12% 14% 16%


Availability Rate (%)
2019 2020 2021
Dock 72 The Hall One Willoughby Square
25 Kent Avenue 399 Sands Street 101 Fleet Place
181 Livingston Street 532 Fulton Street 12 Franklin Street

4
Square Feet (Millions)

2019 2020 2021 2022 2023 2024

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