“This is one of the most expensive corridors in Brooklyn right now in terms of retail rents,” said Ofer Cohen, the president of Terra CRG which brokers commercial properties in Brooklyn.
Cohen said he’s been involved in more than $50 million in real estate transactions in the area since the arena was built. He’s leased this space to Nike.
“In terms of retail right around here, all these stores were $60 to $70 a foot three or four years ago, and now everything is $200 and above,” Cohen said.