Over the last several years, the Brooklyn office market has been undergoing a remarkable transformation. Local and national Tech and Creative firms have been targeting Brooklyn to be close to the new talented work force.

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In this asset class, we have verified over 3.9M SF of sales, up 1M SF from 2014 and representing a total consideration of over $1.1B

Dan Marks, Partner

The Industrial/Office asset class is one of the most dynamic and fastest growing categories in Brooklyn. Companies from around the world are choosing to open in Brooklyn to be closer to the talented and growing employee base in the borough.

Download the 2016 Brooklyn Industrial/Office Report

Industrial/Office Insights

2016 Avg Sale Price: $8.06m

Average Sale Price by Region

  • Bed-Stuy/Bushwick/Crown Heights $3.24m
  • Central Brooklyn $2.89m
  • East Brooklyn $3.26m
  • Greater Downtown Brooklyn $27.49m
  • North Brooklyn $10.51m
  • South Brooklyn $5.85m
  • West Brooklyn $7.21m

80 Hudson Avenue Case Study

TerraCRG’s Ofer Cohen, Melissa Warren, Dan Marks, Peter Matheos, Mike Hernandez, and Joey Terzi were the sole brokers in the lease of the free-standing loft building at 80 Hudson Avenue.

This 76,000 GSF building, located in the Vinegar Hill neighborhood of Brooklyn, was a rare-opportunity as it is one of the only free-standing, commercially-zoned buildings of its size in New York City’s center of innovation and creativity.

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