As we predicted last year, Brooklyn's commercial real estate market has shown its resilience and a remarkable recovery from the global pandemic, returning to pre-pandemic levels - and then some.
Brooklyn 2021
Full Market Report
In 2020, our team verified 813 sales with a total consideration of approximately $4.5B.
Brooklyn 2020
Full Market Report
Multifamily had the highest dollar volume across all asset classes, accounting for 25% of the year’s total dollar volume.
Brooklyn 2020
Multifamily
Market Report
Although mixed-use transactions were down from 2019 to 2020, both in dollar volume and number of transactions (-23% and - 23%, respectively), price per square foot was up from $475 to $514.
Brooklyn 2020
Mixed-Use Market
Report
Despite a 37% decline in transactions, residential development experienced an 18% increase in dollar volume.
Brooklyn 2020
Development
Market Report
While investor's appetite for industrial assets in Brooklyn remained strong in 2020, a lack of inventory caused a drop in both dollar volume and transactional volume.
Brooklyn 2020
Industrial/Office
Market Report
While retail was one of the hardest hit sectors nationally, Brooklyn's retail asset sales showed only a 2% drop in average price per SF.
Brooklyn 2020
Retail Market
Report
Featured News
January 20, 2015
2014 Brooklyn Market Report – WSJ
Wall Street Journal
January 28, 2016
TerraCRG Releases Annual Market Report: Brooklyn Commercial Sales Market Hits Record-Breaking Year in 2015
New York Real Estate Journal
August 10, 2015
Big Transactions Up in 2015’s First Half
Wall Street Journal
August 21, 2015
Brooklyn Commercial Real Estate Sale Values Up 61 Percent, Reported by TerraCRG
DNAinfo
August 21, 2015
Brooklyn Commercial Sales Rise by $2B
GlobeSt.com
February 11, 2016
Brooklyn Market Expected to Dip as 421-A Tax Program Expires
Real Estate Weekly
July 31, 2013
Brooklyn investment sales up, as demand for development sites and industrial properties jumps
February 11, 2016
Bushwick’s Warehouse Conversions Are Hitting Never-Before-Seen Heights
Commercial Observer