Total Office dollar volume increased 148% year-over-year. This increase was due to three transactions (9-11 Metrotech,
3 Metrotech and 6010 Bay Pky) which totaled 71% of Office dispositions.
Office transaction volume was the lowest of all asset classes with vacancy rates in Brooklyn hovering around 19.4%.
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Total Office dollar volume increased 148% year-over-year. This increase was due to three transactions (9-11 Metrotech, 3 Metrotech and 6010 Bay Pky) which totaled 71% of Office dispositions. Office transaction volume was the lowest of all asset classes with vacancy rates in Brooklyn hovering around 19.4%
Brooklyn 2022 Market Report Office
Office Insights
2022 Avg Sale Price: $18.9M
Average Sale Price by Region
- Central Brooklyn $11.8M
- East Brooklyn $4.3M
- Greater Downtown Brooklyn $110.3M
- North Brooklyn $27.4M
- North-Central Brooklyn $7.3M
- South Brooklyn $3M
- West Brooklyn $2.1M
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