This is the inaugural REBNY Brooklyn Retail Report. The report, a joint effort of REBNY’s Brooklyn and Retail Committees, is intended as a snapshot of several major retail corridors in the borough and as a guide based on actual asking rent information towards a better understanding of the Brooklyn Retail Leasing landscape.
The report analyzes 15 retail corridors in 10 neighborhoods from Greenpoint in the north to Bay Ridge in the south. The data used in this report is provided by REBNY retail brokers from both committees and consists of their available listings in the Third Quarter 2015. We intend to produce this report twice a year with our next report scheduled for the Second Quarter 2016. The report focuses on ground floor asking rents and reports an average, median, and ranges for asking ground floor space in the corridors. By providing a number of key market indicators brokers, owners and tenants will have a more thorough understanding of the retail market in these areas.