As of the first quarter of 2026, the TerraCRG team has verified a total of 324 commercial transactions in Brooklyn, representing a total dollar volume of $2.19 billion.

Dan Marks, CEO

Brooklyn 2026
First Quarter Report
Market Report

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In 2025, Brooklyn’s investment sales market recorded $6.6 billion across 1,191 transactions. The year unfolded against a backdrop of significant political and regulatory change—including the election of New York City’s first democratic socialist mayor, a reshaped City Council, and the passage of a major rezoning along Atlantic Avenue—alongside multiple federal interest rate cuts...

Dan Marks, CEO

Brooklyn 2025
Full Report
Market Report

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As of the third quarter of 2025, the TerraCRG team has verified a total of 887 commercial transactions in Brooklyn, representing a total dollar volume of $4.7 billion.

TerraCRG, COMMERCIAL REALTY GROUP

Brooklyn 2025
Third Quarter Report
Market Report

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In the first half of 2025, the Brooklyn commercial real estate market recorded a total transaction volume of approximately $2.6 billion, across 549 transactions. The average transaction size during this period was approximately $4.8 million.

TerraCRG, COMMERCIAL REALTY GROUP

Brooklyn 2025
First Half Report
Market Report

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Brooklyn investment sales in Q1 2025 rose 25% in total dollar volume year-over-year, compared to Q1 2024. However, volume was down 61% from the previous quarter (Q4 2024). The average transaction size also increased year-over-year, rising 25% from $3.6 million to $4.5 million.

TerraCRG, COMMERCIAL REALTY GROUP

Brooklyn 2025
Q1 Report
Market Report

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In 2024, the Brooklyn investment sales market recorded a total dollar volume of $7.8 Billion with a total of 1,198 investment sales transactions. The results show a 51% increase in dollar volume and a 12% increase in transactional volume compared to the same period last year. The average transaction size in 2024 was $6.5M which was a 35% increase compared to the average of $4.8M in 2023.

TerraCRG, COMMERCIAL REALTY GROUP

Brooklyn 2024
Full Report
Market Report

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In Brooklyn, the total commercial transaction volume year-to-date has exceeded $4.8 billion, marking a $1 billion increase compared to the same period last year. There have been 869 investment sale transactions.

TerraCRG, COMMERCIAL REALTY GROUP

Brooklyn 2023
Market Report

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Last year office buildings dollar sales volume in Brooklyn had increased, but prices were down as distressed office transactions trade at significant discounts. Average price per square foot has dropped 44% where properties such as The Whale building in Sunset Park and 1000 Dean Street in Crown Heights have transacted in 2023 at nearly half the value in years past. Vacancies due to post-pandemic hybrid work scenarios continue to contribute to the devaluation and distress of large office buildings.

Ofer Cohen, Founder & Chairman

Brooklyn 2023
Office
Market Report

Download the 2022 Office Report
Multifamily had over $1.1 Billion worth of building sales in 2023 and saw the lowest average PPSF over the last five years at $293/PSF. However, the 2019 Rent Laws continue to drive demand for free market multifamily deals often creating aggressive pricing on these deals.

Matt Cosentino, EVP Sales & Partner

Brooklyn 2023
Multifamily
Market Report

Download the 2023 Multifamily Report
here were over $1 Billion worth of Mixed-Use building sales in 2023. Average PPSF of Mixed-Use building sales have seen slow steady growth over the last five years and a 10% increase since 2019. TerraCRG sold 27% of all Park Slope mixed use transactions in 2023.

Matt Cosentino, EVP Sales & Partner

Brooklyn 2023
Mixed-Use
Market Report

Download the 2023 Mixed-Use report
Average $/BSF has been trending upward since 2021 as demand for free-market new construction product remains strong. The expired 421a program has and will continue to stunt the growth of the development market which has been propped up by increased transaction activity for small to medium size sites optimal for boutique condo development.

Daniel Lebor, EVP Sales & Partner

Brooklyn 2023
Resi Development
Market Report

Download the 2023 Resi Development Report
Retail investment sales in Brooklyn are down 21% comparing 2023 to 2022, however the average transaction price per square foot is up 5% looking back at the last 5 years.

Mike Hernandez, EVP Business Development & Partner

Brooklyn 2023
Retail
Market Report

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Looking at industrial transactions over the last 5 years, average price per square foot has been consistent. Demand continues to be strong for small to mid-size industrial buildings and these buildings continue to trade at record pricing.

Dan Marks, CEO

Brooklyn 2023
Industrial
Market Report

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Featured News

January 20, 2015

2014 Brooklyn Market Report - WSJ

Wall Street Journal

The number of Brooklyn commercial-property sales last year was about the same as in 2013, but the total

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January 28, 2016

TerraCRG Releases Annual Market Report: Brooklyn Commercial Sales Market Hits Record-Breaking Year in 2015

New York Real Estate Journal

TerraCRG has released their 2015 Year-End Brooklyn Market Report. The report thoroughly analyzes all of the commercial sales

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August 10, 2015

Big Transactions Up in 2015's First Half

Wall Street Journal

by Emily Nonko August 9, 2015 — The value of Brooklyn commercial property sales in the first half

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August 21, 2015

Brooklyn Commercial Real Estate Sale Values Up 61 Percent, Reported by TerraCRG

DNAinfo

Commercial real estate prices are on the rise in Brooklyn, with total sale prices increasing more than 60

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August 21, 2015

Brooklyn Commercial Sales Rise by $2B

GlobeSt.com

Commercial brokerage firm TerraCRG reports that the 1,011 transactions (multifamily, mixed-use, development, retail, industrial/office) in Brooklyn totaled $5.13

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February 11, 2016

Brooklyn Market Expected to Dip as 421-A Tax Program Expires

Real Estate Weekly

Commercial property sales in Brooklyn were incredibly robust in 2015, rising to around $9.5 billion in total dollar

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July 31, 2013

Brooklyn investment sales up, as demand for development sites and industrial properties jumps

The investment sales market in Brooklyn was lively in the first half of the year, mimicking the robust

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February 11, 2016

Bushwick’s Warehouse Conversions Are Hitting Never-Before-Seen Heights

Commercial Observer

Two years ago there were four sales of industrial property in Bushwick, Brooklyn, totaling a modest $8.4 million,

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