Market Overview for Quarter 3, 2023
Median price/sqft
1.3% YoY
Sales volume
-42.9% YoY
Transactions
-24.2% YoY
Total sqft
-44.4% YoY
There were a total of 438 transactions, down 24.2% compared to the same period last year. The median price per square foot in Quarter 3, 2023 was $496, a change of 1.3% Y-o-Y.
Brooklyn commercial real estate price per square foot in Quarter 3, 2023 was $496, up by 1.3% Y-o-Y.
Brooklyn commercial real estate transactions in Quarter 3, 2023 was 438, down by 24.2% Y-o-Y.
Brooklyn commercial real estate sales volume in Quarter 3, 2023 was $1.3B, down by 42.9% Y-o-Y.
Brooklyn commercial real estate total square feet in Quarter 3, 2023 was 2.8M, down by 44.4% Y-o-Y.
Brooklyn Commercial Sales Volume by Property Type
Recent Significant Sales
| Property Address | Submarket | Sale Date | Price | Square Feet | Price/Sqft | Package Deal |
|---|
Top Boroughs in New York City
Brooklyn median price per sqft compared with other boroughs in New York City
| Submarket | Borough | Median sale price/sqft | Transactions | Sales volume | Total sqft |
|---|
See also
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