In 2021, there was a total of 107 industrial transactions in Brooklyn, for a total consideration of $881M. In 2020, there was a total of 63 transactions totaling approximately $624M.
Additionally, 39 office transactions took place in 2021 – one third of them in Central Brooklyn – totaling approximately $290 million in dollar volume.
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Industrial/Office Transactions
Ongoing investor demand for last-mile logistics continued to fuel industrial asset sales activity in 2021. There have been 97 industrial asset sales in Brooklyn totaling $794 million in dollar volume - a slight increase from the previous year – which speaks to the significant interest in the industrial market overall.
Brooklyn 2021 Market Report Industrial/Office
Industrial/Office Insights
2021 Avg Industrial Sale Price: $8.2M
Average Industrial Sale Price by Region
- Central Brooklyn $5.7M
- East Brooklyn $6.4M
- Greater Downtown Brooklyn $15.8M
- North Brooklyn $10.1M
- North-Central Brooklyn $3.9M
- South Brooklyn $3.3M
- West Brooklyn $9.3M
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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Brooklyn Neighborhood Guides
Our neighborhood guides tell you everything you need to know about Brooklyn, from comprehensive market data to the best places to eat, shop and play.
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