THE REAL ESTATE BOARD OF NEW YORK · 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)

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


$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


$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


$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


$234 $235

12%▼

12% ▼

$207


$332 $350

0%

5%▲

$350

Bedford Ave(Grand St - North 12th St)

MEDIAN ASKING RENT PSF - GROUND FLOOR RETAIL


$115$110

86th St (4th Ave - Fort Hamilton Pk y)

$70 $94

2%

31%

$92


$127 $150

12%

4%

$132

Smith St (Atlantic Ave - Carroll St)

$144 $120

8%

24%

$110


$144 $164

24%

13%

$125


17% 15%

$125

2% 5%

$107 $100$123


12%

4%

$365 $313 $350


$188 $180

22%

25%

$140

Montague St (Hicks St - Cadman Plaza)

MEDIAN ASKING RENT PSF - GROUND FLOOR RETAIL


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)


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


RANGE OF ASKING RENTS PSF - GROUND FLOOR RETAIL


86th St (4th Ave - Fort Hamilton Pk y)


Montague St(Hicks St - Cadman Plaza)



Smith St (Atlantic Ave - Caroroll 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


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


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


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

Documents

THE REAL ESTATE BOARD OF NEW YORK · 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)