RETAIL FOR LEASE IN BROOKLYN

Why implement your retail space in Brooklyn?   

Brooklyn boasts a thriving market for retail space, making it an attractive destination for businesses looking to establish a presence in this vibrant borough. From well-known neighborhoods like Williamsburg and Park Slope to trendy areas like DUMBO and Gowanus, Brooklyn offers a diverse range of retail spaces for lease.  

These spaces cater to various industries, from fashion boutiques and specialty stores to restaurants and entertainment venues. With a mix of high foot traffic areas, bustling commercial corridors, and unique retail environments, Brooklyn provides ample opportunities for businesses to connect with a diverse and engaged customer base. Whether it's the vibrant energy of Brooklyn's hipster havens or the established retail destinations in well-established neighborhoods, leasing retail space in Brooklyn allows businesses to tap into the borough's thriving community and capitalize on its reputation as a cultural and culinary hub.

Looking for retail space for lease in Brooklyn? Let our experts help you find the perfect location to grow your business and attract customers.

How much does it cost to rent a retail space in Brooklyn?

The cost of renting retail space in Brooklyn can vary greatly depending on several factors, including the location, size, condition, and specific features of the space. The average asking rents for retail spaces in Brooklyn range from approximately $80 to $200 per square foot per year, with prime locations and high-demand areas commanding higher rents.

To read: our MarketBeat report analyzes quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.

Are retail space rents likely to increase in Brooklyn?

Brooklyn has experienced a steady increase in retail space rents in recent years due to its growing popularity, strong local economy, and vibrant consumer base. Factors such as the borough's diverse neighborhoods, thriving arts and culture scene, and unique retail environments have contributed to the upward trend in rents. Additionally, limited supply and high demand for retail spaces in desirable locations have also influenced rental prices. However, the future trajectory of retail space rents in Brooklyn will depend on various factors, including overall economic conditions, market dynamics, and consumer trends.

What types of retail spaces are available in Brooklyn?

Brooklyn offers a diverse array of retail spaces to suit various business needs. From charming storefronts in historic brownstone neighborhoods to modern retail units in bustling commercial districts, there is something for every retailer. In areas like Williamsburg and DUMBO, you can find trendy boutiques and artisanal shops that cater to a hip, young demographic. These neighborhoods are known for their vibrant street life and pedestrian-friendly environments, making them ideal for retailers looking to attract foot traffic.

In contrast, Downtown Brooklyn and Atlantic Avenue offer larger retail spaces that are perfect for established brands and flagship stores. These areas are bustling with activity, drawing in both locals and tourists. Retail spaces here often feature high ceilings, expansive windows, and modern amenities, providing an excellent backdrop for showcasing products. Additionally, neighborhoods like Park Slope and Cobble Hill offer a mix of small to medium-sized retail spaces nestled among residential areas, ideal for businesses looking to serve local communities.

What lease types are available for retail space in Brooklyn?

In Brooklyn, retailers can choose from a variety of lease types to suit their business models. The most common lease type is the triple net lease (NNN), where tenants are responsible for paying property taxes, insurance, and maintenance costs in addition to the base rent. This type of lease is popular among landlords as it shifts some of the financial responsibilities to the tenant, but it can also offer tenants more control over their space.

Another option is the gross lease, where the landlord covers all property expenses, and the tenant pays a single, all-inclusive rent. This lease type provides predictability in monthly expenses, making it attractive for small businesses and startups. Additionally, modified gross leases offer a middle ground, where certain expenses are shared between the landlord and tenant, providing flexibility and cost-sharing benefits.

Popular neighborhoods in Brooklyn

Brooklyn offers a variety of popular neighborhoods for leasing retail space, each with its own unique charm and commercial appeal. Some of the well-known neighborhoods in Brooklyn known for their vibrant retail environments include:

• Williamsburg: Williamsburg is a trendy neighborhood known for its vibrant arts and music scene. It offers a mix of local boutiques, independent shops, vintage stores, and specialty markets. Bedford Avenue, the main thoroughfare, is a bustling retail hub attracting both locals and tourists.
• DUMBO (Down Under the Manhattan Bridge Overpass): DUMBO is a dynamic neighborhood known for its converted warehouses, art galleries, and stunning waterfront views. It offers a mix of upscale boutiques, designer shops, and artisanal eateries, creating a unique shopping experience.
• Park Slope: Park Slope is a family-friendly neighborhood known for its tree-lined streets, brownstones, and local businesses. 7th Avenue and 5th Avenue are the main commercial corridors, offering a diverse range of shops, boutiques, cafes, and restaurants catering to the community.
• Brooklyn Heights: Brooklyn Heights is a historic neighborhood known for its charming brownstones and scenic views of the Manhattan skyline. Montague Street, the neighborhood's main shopping district, features a mix of small independent shops, cafes, and specialty stores.
• Fort Greene: Fort Greene is a vibrant and culturally diverse neighborhood known for its lively arts scene. Fulton Street and Myrtle Avenue are popular retail corridors, offering a mix of local boutiques, vintage shops, and specialty stores.

Getting to and from Brooklyn

• By Airplane: There are three major airports serving NYC - John F. Kennedy International Airport (JFK), LaGuardia Airport (LGA), and Newark Liberty International Airport (EWR). Travelers can fly to these airports from anywhere in the world.
• By Train: Amtrak, Long Island Rail Road (LIRR), and New Jersey Transit (NJT) provide train services to and from NYC, connecting travelers to nearby cities and states.
• By Bus: Several bus companies, such as Greyhound, Megabus, and BoltBus, offer affordable and convenient bus services to and from NYC.
• By Car: Travelers can drive to NYC by taking major highways like I-95, I-78, or I-80, or by using local roads and bridges.
• By Ferry: NYC's waterways offer ferry services from nearby cities, such as Jersey City, Hoboken, and Staten Island, providing scenic and enjoyable ways to travel to and from the city.

Retail Space Listings Near Brooklyn

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