The average price per SF of retail buildings in 2022 in Brooklyn was $667, up from 2021’s average of $609. The average price was approximately $4.6M, up from approximately $3.7M in 2021.

The North Brooklyn Region achieved the highest average price per SF at $2,312.

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Retail investment sales volume increased 42% year-over-year but fell 42% in the second half of 2022, compared to the beginning of the year. The decrease in transaction volume in the second half of the year comes amidst lenders becoming more selective on lending in this sector.

Daniel Lebor, Partner

Brooklyn 2022 Market Report Retail

Download the 2022 Brooklyn Retail Report

Retail Insights

2022 Avg Sale Price: $4.6M

Average Sale Price by Region

  • Central Brooklyn $3M
  • East Brooklyn $3.7M
  • Greater Downtown Brooklyn $5.4M
  • North Brooklyn $8.2M
  • North-Central Brooklyn $3M
  • South Brooklyn $6.4M
  • West Brooklyn $4.2M