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THE REAL ESTATE BOARD OF NEW YORKBROOKLYN RETAIL REPORT | WINTER 2017
BROOKLYN RETAIL REPORT WINTER 2018 | 2
In winter 2018, average asking rents for available
Estate Board of New York’s (REBNY) Brooklyn
EXECUTIVE SUMMARY
EXECUTIVE SUMMARY (CONT.) ACKNOWLEDGEMENTS
Peter Levitan, LEVITAN
Curtis Woodside, Eastern Consolidated
AVERAGE ASKING RENT PSF - GROUND FLOOR RETAIL
Winter 17 Summer 17 Winter 18
%Δ from Winter 17 to Winter 18
%Δ from Summer 17 to Winter 18
36%▼
$57
24%▼
$89 $74
Franklin St (Meserole Ave - Commercial St)
$73 $75
14%▼
13%▼
$64
Manhattan Ave(Driggs Ave - Ash St)
38%▲
13%▲
$127 $104 $143
Washington St, Front St, Water St, Main St
$113 $113
11%▼
11%▼
$101
Grand St (Havemeyer St - Kent Ave)
$132 $148
18%▼
8%▼
$122
North 4th St(Driggs Ave - Kent Ave)
$219 $232
3%▼
3%▲
$225
North 6th St(Driggs Ave - Kent Ave)
$296 $325
3%▼
7%▲
$317
Bedford Ave(Grand St - North 12th St)
$123$102
86th St (4th Ave - Fort Hamilton Pkwy)$110
$78 $94
1%▲
21%▲
$95
5th Ave(Union St - 9th St)
$122 $149
15%▼
3%▲
$126
Smith St (Atlantic Ave - Carroll St)
$129 $124
8%▼
11%▼
$114
7th Ave(Union St - 9th St)
$151 $148
10%
11%
$134
Court St (Atlantic Ave - Carroll St)
30% 12%
$132
21% 21%
$102 $109
Flatbush Ave(5th Ave - Grand Army Plaza)
23%
10%
$326 $292 $359
Fulton St (Boerum Pl - Flatbush Ave)
$188 $151
4%
23%
$145
Montague St (Hicks St - Cadman Plaza)
AVERAGE ASKING RENT PSF - GROUND FLOOR RETAIL
Winter 17 Summer 17 Winter 18
%Δ from Winter 17 to Winter 18
%Δ from Summer 17 to Winter 18
35%▼
$58
22%▼
$90 $75
Franklin St (Meserole Ave - Commercial St)
$65 $65
0%
0%
$65
Manhattan Ave(Driggs Ave - Ash St)
67%▲
0%
$150 $90 $150
Washington St, Front St, Water St, Main St
$100 $100
6%▼
6%▼
$94
Grand St (Havemeyer St - Kent Ave)
$125 $158
11%▼
12%▲
$140
North 4th St(Driggs Ave - Kent Ave)
$234 $235
12%▼
12% ▼
$207
North 6th St(Driggs Ave - Kent Ave)
$332 $350
0%
5%▲
$350
Bedford Ave(Grand St - North 12th St)
MEDIAN ASKING RENT PSF - GROUND FLOOR RETAIL
BROOKLYN RETAIL REPORT WINTER 2018 | 7
$115$110
86th St (4th Ave - Fort Hamilton Pk y)
$70 $94
2%
31%
$92
5th Ave(Union St - 9th St)
$127 $150
12%
4%
$132
Smith St (Atlantic Ave - Carroll St)
$144 $120
8%
24%
$110
7th Ave(Union St - 9th St)
$144 $164
24%
13%
$125
Court St (Atlantic Ave - Carroll St)
17% 15%
$125
2% 5%
$107 $100$123
Flatbush Ave(5th Ave - Grand Army Plaza)
12%
4%
$365 $313 $350
Fulton St (Boerum Pl - Flatbush Ave)
$188 $180
22%
25%
$140
Montague St (Hicks St - Cadman Plaza)
MEDIAN ASKING RENT PSF - GROUND FLOOR RETAIL
BROOKLYN RETAIL REPORT WINTER 2018 | 8
RANGE OF ASKING RENTS PSF - GROUND FLOOR RETAIL
Grand St (Havemeyer St - ent Ave)
orth 4th St( riggs Ave - ent Ave)
orth 6th St( riggs Ave - ent Ave)
Bed ord Ave(Grand St - orth 12th St)
Manhattan Ave( riggs Ave - Ash St)
Franklin St (Meserole Ave - Commercial St)
ashington St Front St ater St Main St
inter 17Summer 17
inter 18
inter 17Summer 17
inter 18
$96$88$65
$150$150$175
$120$100
$75
$150$175$150
$100$100$100
$350$350$350
$130$130$138
$400$600$600
$42$44$30
$132$128$105
$120$107$75
$60$47$40
$85$85
$130
$150$150$150
BROOKLYN RETAIL REPORT WINTER 2018 | 9
RANGE OF ASKING RENTS PSF - GROUND FLOOR RETAIL
Flatbush Ave(5th Ave - Grand Army Plaza)
86th St (4th Ave - Fort Hamilton Pk y)
Fulton St (Boerum Pl - Flatbush Ave)
Montague St(Hicks St - Cadman Plaza)
5th Ave(Union St - 9th St)
7th Ave(Union St - 9th St)
Smith St (Atlantic Ave - Caroroll St)
Court St (Atlantic Ave - Carroll St)
$100$125$320
$450$400$400
$52$69$48
$111$133$171
$64$114$86
$165$138$165
$175$125
$68
$175$175$175
$100$80$80
$220$200$185
$80$56$45
$150$130$200
$83$78$66
$125$125$222
$125$85
$100
$250$200$200
3 M S
3 M S
BROOKLYN RETAIL REPORT WINTER 2018 | 10
CORRIDOR MAPS
Franklin St
Bedfor
d Ave
and Front Sts
Fulton St
Cour
t St
Grand St
GREENPOINT
WILLIAMSBURG
DUMBO
DOWNTOWN
BROOKLYN HEIGHTS
COBBLEHILL
PARK SLOPE
PROSPECT HEIGHTS
BAY RIDGE
BROOKLYN RETAIL REPORT WINTER 2018 | 11
APPENDIX
AVERAGE ASKING RENT PSF – GROUND FLOOR RETAIL
Winter 18 Summer 17 Winter 17% Change
Summer 17% Change Winter 17
Greenpoint
Williamsburg
DUMBO
Brooklyn Heights
Downtown Brooklyn
Prospect Heights
Cobble Hill
Park Slope
Bay Ridge
BROOKLYN RETAIL REPORT WINTER 2018 | 12
APPENDIX
Winter 18 Summer 17 Winter 17% Change
Summer 17% Change Winter 17
Greenpoint
Williamsburg
DUMBO
Brooklyn Heights
Downtown Brooklyn
Prospect Heights
Cobble Hill
Park Slope
Bay Ridge
APPENDIX
RANGE OF ASKING RENTS PSF – GROUND FLOOR RETAIL
Winter 18 Summer 17 Winter 17Greenpoint
Williamsburg
DUMBO
Brooklyn Heights
Downtown Brooklyn
Prospect Heights
Cobble Hill
Park Slope
Bay Ridge
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