the real estate board of new york · 31% $92 5th ave (union st - 9th st) $127 $150 12% 4% $132...
TRANSCRIPT
![Page 1: 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)](https://reader034.vdocument.in/reader034/viewer/2022042114/5e90e7be181c8f33487a6477/html5/thumbnails/1.jpg)
THE REAL ESTATE BOARD OF NEW YORKBROOKLYN RETAIL REPORT | WINTER 2017
![Page 2: 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)](https://reader034.vdocument.in/reader034/viewer/2022042114/5e90e7be181c8f33487a6477/html5/thumbnails/2.jpg)
BROOKLYN RETAIL REPORT WINTER 2018 | 2
In winter 2018, average asking rents for available
Estate Board of New York’s (REBNY) Brooklyn
EXECUTIVE SUMMARY
![Page 3: 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)](https://reader034.vdocument.in/reader034/viewer/2022042114/5e90e7be181c8f33487a6477/html5/thumbnails/3.jpg)
EXECUTIVE SUMMARY (CONT.) ACKNOWLEDGEMENTS
Peter Levitan, LEVITAN
Curtis Woodside, Eastern Consolidated
![Page 4: 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)](https://reader034.vdocument.in/reader034/viewer/2022042114/5e90e7be181c8f33487a6477/html5/thumbnails/4.jpg)
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)
![Page 5: 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)](https://reader034.vdocument.in/reader034/viewer/2022042114/5e90e7be181c8f33487a6477/html5/thumbnails/5.jpg)
$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
![Page 6: 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)](https://reader034.vdocument.in/reader034/viewer/2022042114/5e90e7be181c8f33487a6477/html5/thumbnails/6.jpg)
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
![Page 7: 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)](https://reader034.vdocument.in/reader034/viewer/2022042114/5e90e7be181c8f33487a6477/html5/thumbnails/7.jpg)
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
![Page 8: 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)](https://reader034.vdocument.in/reader034/viewer/2022042114/5e90e7be181c8f33487a6477/html5/thumbnails/8.jpg)
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
![Page 9: 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)](https://reader034.vdocument.in/reader034/viewer/2022042114/5e90e7be181c8f33487a6477/html5/thumbnails/9.jpg)
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
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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
![Page 11: 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)](https://reader034.vdocument.in/reader034/viewer/2022042114/5e90e7be181c8f33487a6477/html5/thumbnails/11.jpg)
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
![Page 12: 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)](https://reader034.vdocument.in/reader034/viewer/2022042114/5e90e7be181c8f33487a6477/html5/thumbnails/12.jpg)
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
![Page 13: 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)](https://reader034.vdocument.in/reader034/viewer/2022042114/5e90e7be181c8f33487a6477/html5/thumbnails/13.jpg)
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