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Question for landlord and others re: commercial space — Brooklynian

Question for landlord and others re: commercial space

old time brooklyn
old time brooklyn
edited November -1 in Prospect Heights
What's the average price per square foot in Park Slope/Prospect Heights? Interested in Vanderbilt, 7th Avenue North, 7th Avenue South, 6th Avenue South, 5th Avenue North, 5th Avenue South?

Any info would be appreciated.

Comments

  • landlord
    landlord
    I am not familiar with prospect heights but on 7th north you are looking at around $80-$100 per sq foot (down from >$100). Prime 5th runs around $70-$80 per sq foot.

    You can get a good deal in the south side where prices would be around $50/sq foot.

    what kind of business are you looking to open?
  • old time brooklyn
    old time brooklyn
    Thanks for the info. Is 6th avenue less or in that $50/sq. foot range?

    I'll generalize and say cafe.
  • landlord
    landlord
    I am not that familiar with commercial on 6th but I would think it was cheaper since its not a commercial area. If i was in the market for a commercial space and one was available on 6th for 50/sq foot i would get that over 7th or 5th....as long as its not on the south side.
  • old time brooklyn
    old time brooklyn
    Much appreciated, ll. Have a good holiday.
  • matthurst
    matthurst
    I would consider using this maping application to try specing things out http://envisioningdevelopment.net/map . To be fair, we make far less than many of our neighbors in the South Slope.


    MOD NOTE: fixed your link -- that site is awesome!
  • xlizellx
    xlizellx
    in regards to the link, i think it's awesome, but the areas are way too big to be too meaningful. Utica versus Vanderbilt is going to be a big difference...
  • old time brooklyn
    old time brooklyn
    So I never really got this off the ground --- landlord --- are prices generally the same now? What about this nonsense that Brooklyn doesn't use the price per square foot calculation -- some landlord told me that, someone who was asking around 150/square foot. He told me that was Manhattan only. Which I laughed at (internally). You have to be able to equate space to space, borough to borough.
  • squindar
    squindar
    That site is cool. If you want income levels for a smaller area you can see it on factfinder.census.gov -- search for a zip code, then look for median household income level in the output list, then click on the map link -- but the data is stale (the most detailed data is from 1999)
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