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Warehouse and industrial space in Sunset Park, Brooklyn, NYC

Astoria, NYC Industrial Space For Rent 50,100 SF

  • $9 per SF
Astoria, NY 11102, USA

Astoria, NYC Industrial Space For Rent 50,100 SF   Astoria, NYC Industrial Space For Rent 50,100 SF, $9 per SF, […]

  • 50100 Sq Ft
  • $9 per SF
  • Warehouse and industrial
Details

Queens

7 months ago

Brooklyn, Industrial Space For Rent 10,100 SF

  • $12 per SF
Brooklyn, NY 11207, USA

Brooklyn, Industrial Space For Rent 10,100 SF   Brooklyn, Industrial Space For Rent 10,100 SF, $12 per SF, 1st Floor […]

  • 10100 Sq Ft
  • $12 per SF
  • Warehouse and industrial
Details

Brooklyn

7 months ago

Queens, Industrial Space For Rent 5,300 SF

  • $18 per SF
Queens, NY 11378, USA

Queens, Industrial Space For Rent 5,300 SF   Queens, Industrial Space For Rent 5,300 SF, $18 per SF, 2nd Floor […]

  • 5300 Sq Ft
  • $18 per SF
  • Warehouse and industrial
Details

Queens

7 months ago
  • $13 per SF
Long Island City, NY Industrial Space For Sublease 18,050 SF

Long Island City, NY Industrial Space For Sublease 18,050 SF

  • $13 per SF
Long Island City, NY 11101, USA

Long Island City, NY Industrial Space For Sublease 18,050 SF   Long Island City, NY Industrial Space For Sublease 18,050 […]

  • 18050 Sq Ft
  • $13 per SF
  • Warehouse and industrial
Details

Long Island City

7 months ago
  • $13 per SF
Mount Vernon, Industrial/Warehouse Space For Sublease 30,100 SF

Mount Vernon, Industrial/Warehouse Space For Sublease 30,100 SF

  • $13 per SF
Mt Vernon, NY 10550, USA

Mount Vernon, Industrial/Warehouse Space For Sublease 30,100 SF   Mount Vernon, Industrial/Warehouse Space For Sublease 30,100 SF, $13 per SF, […]

  • 30100 Sq Ft
  • $13 per SF
  • Warehouse and industrial
Details

Bronx

7 months ago

Yonkers, NYC Industrial Space For Lease 99,800 SF

  • $16 per SF
Yonkers, NY 10704, USA

Yonkers, NYC Industrial Space For Lease 99,800 SF   Yonkers, NYC Industrial Space For Lease 99,800 SF, $16 per SF, […]

  • 99800 Sq Ft
  • $16 per SF
  • Warehouse and industrial
Details

Bronx

7 months ago

Bronx, Industrial Space For Lease 21,800 SF

  • $13 per SF
Bronx, NY 10454, USA

Bronx, Industrial Space For Lease 21,800 SF   Bronx, Industrial Space For Lease 21,800 SF, $13 per SF, 2nd Floor […]

  • 21800 Sq Ft
  • $13 per SF
  • Warehouse and industrial
Details

Bronx

7 months ago
  • $23 per SF
Ozone Park, Industrial Space For Sublease 16,300 SF

Ozone Park, Industrial Space For Sublease 16,300 SF

  • $23 per SF
Ozone Park, NY 11417, USA

Ozone Park, Industrial Space For Sublease 16,300 SF   Ozone Park, Industrial Space For Sublease 16,300 SF, $23 per SF, […]

  • 16300 Sq Ft
  • $23 per SF
  • Warehouse and industrial
Details

Brooklyn, Queens

7 months ago

Long Island City, Industrial/Warehouse Space For Lease 38,050 SF

  • $23 per SF
Long Island City, NY 11104, USA

Long Island City, Industrial/Warehouse Space For Lease 38,050 SF   Long Island City, Industrial/Warehouse Space For Lease 38,050 SF, $23 […]

  • 38050 Sq Ft
  • $23 per SF
  • Warehouse and industrial
Details

Long Island City

7 months ago

Warehouse and industrial space in Sunset Park, Brooklyn, NYC

Warehouse and industrial space – Sunset Park is nested between 15th Street and 65th Street, from 9th Ave to New York Harbor. This famous industrial neighborhood is known for its ethnically diverse population of over 100,000 residents, with an industrial area of warehouse space for rent, sale, or lease. Sunset Park became a destination for maritime distribution, a result of the unobstructed stretch of water-frontage over the past century. Historically, the backbone of Sunset Park has been its industrial sector, anchored by three main habitats:

The Brooklyn Army Terminal, Bush Terminal, and Industry City. Altogether these form a majority of the warehouses and industrial space of Sunset Park, with a wide range of local businesses. Owners invest heavily in the local infrastructure, including railways and roads, to become a new area and provide greater functionality. With its ideal location on Upper New York Bay, a growing residential population, and access to the public transportation networks, Sunset Park will continue to be a waterfront destination. In modern times, lifting rents and purchase prices for industrial space have been threatening Sunset Park’s affordability for businesses.

Warehouse and industrial space for rent in Sunset Park, Brooklyn, NYC

The new rent regulation laws enacted in the past removed several essential benefits to rental property owners, such as the ability to push rents high after making some unwanted renovations or the right to remove an industrial space from rent-regulated status when the monthly rent surpassed a predetermined threshold. Investors are pushed to consider buying other asset types, namely warehouses and industrial sites. Industrial lease rates are near its highest levels, while there is a dragon competition of international buyers spending  billions in the last decade.

Sunset Park Industrial-Warehouse space Inventory:  around  9 million SF,  available space:  3 M  SF, Vacancy Rate: 25%,  Average asking  rent price: $20 per square foot. 

Brooklyn and queens warehouse space for rent price range are: $15- to $28 per foot. This type of building has very low inventory for sale, and they now go for $250 – $350 per foot or even more. In the past, Brooklyn has lost millions of square feet of industrial space. In 2019 average price per square foot for an industrial building in Sunset Park was $350 per square foot, a notable step-up of 25%, while leasing million-square-foot trucking packages into Sunset Park, NYC is both time-consuming and pricey.

We offer excellent deals as a fully built-out or raw Warehouse and Industrial space, direct deals or subleases in the area in Commercial buildings for $15-20 per square foot low, low rent prices. 

Warehouse and industrial space for sale in Sunset Park, Brooklyn, NYC

Each year and specifically between 2011 and 2019, Sunset Park warehouse & industrial space had the highest property sales in all Brooklyn. The highest number of transactions occurred in the yearly 2014, the year that the great Jamestown Properties acquired Sunset Park Industry City. Sadly New York’s rent regulation laws made a significant impact on the investment sales market in the first quarter of 2019, with sales around 30% to close to 400 transactions.

Some Real estate companies are marketing a warehouse space for over $200 million, with prices over $300 per foot. Some big sale gos over $300 million and price per foot as high as $600.  The average price per foot in 2019 was close  to  $500, which is much higher per foot than what they sell for in Sunset Park, and this is a good example.

Transportation around  Sunset Park:

A brisk stroll to the N, R and D trains and one prevent from Barclays Center/Atlantic Terminal. The zone is one of the quickest developing  in NYC and home to the most noteworthy thickness of the millennial workforce in the city.

 

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MANHATTAN OFFICE SPACE MARKET INFORMATION

  • INVENTORY SF 376 M +1.0% Prior Period 373 M
  • UNDER CONSTRUCTION SF10.2 M -10.3%Prior Period 11.4 M\
  • VACANCY RATE11.7% +1.0%Prior Period 10.7%
  • AVERAGE MARKET RENT/SF$76.15 +1.2%Prior Period $75.25
  • MARKET SALE PRICE/SF$904 +2.9%Prior Period $878
  • MARKET CAP RATE4.3% Prior Period 4.3%

Availability

  • Vacant SF 40.7 M Sublet SF 11.8 M
  • Availability Rate 18.3% Available SF 65.8 M
  • Available average Asking Rent/SF $60.04
  • Occupancy Rate 88.3% Percent Leased Rate 91.5%

Office Sales Past Year

  • Asking Price Per SF $701
  • Sale to Asking Price Differential -1.4%
  • Sales Volume $7.5 B
  • Properties Sold 104
  • Months to Sale 11.0
  • For Sale Listings 142
  • Total For Sale SF 1.3 M

Demand

  • 12 Months Net Absorp % of Inventory -0.1%
  • 12 Months Leased SF 32 M
  • Months on Market 8.2
  • Months to Lease 12.1
  • Months Vacant 11.0
  • 24 Months Lease Renewal Rate 35.1%
  • Population Growth 5 Years 3.0%
nyc.manhattan2

30 E 60th Street, NY, NY Office Medical space for lease 500-25000 sq ft

  • 300 - 20,000 Sq Ft
  • $60-$70 per SF
  • Medical Office Space, Office Space
Featured

30 E 60th Street, NY, NY, Retail, Art Gallery space for lease, UES

  • 1700 - 3500 Sq Ft
  • Upon request
  • Gallery Space, Retail Space

18 W 33rd St, Herald Square, NY Office Medical space for lease or sale 1400-2800 square feet

  • 1400 2800 Sq Ft
  • $40 per SF
  • Medical Office Space, Office Space

36 E 60th Street, NY, NY, Retail, Art Gallery space for lease, UES

  • 1560 Sq Ft
  • Upon request
  • Gallery Space, Retail Space

250 W 54th St, Columbus Circle, NYC Class B Office space for lease

  • 1850 - 3000-10,000 Sq Ft
  • Upon request
  • Medical Office Space, Office Space

14 E 55th Street, Plaza District, NY, Medical office space for lease 2,000 + 2,000 sf

  • 2000 Sq Ft
  • Negotiable
  • Office Space, Showroom Space

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