Cobble Hill, NY, Office Space for Rent
Officially established in the 1950s, Cobble Hill, NY, is a historical neighborhood in Eastern New York City. In this 40-block neighborhood, you’ll see charming architecture such as iron railing-lined residential sidewalks and towering Brownstone houses. Initially settled by the Dutch in the 1640s, Cobble Hill didn’t grow exponentially until the 1800s.
Philanthropist Alfred Tredway White and many others took advantage of Cobble Hill’s housing market and built experimental housing, bringing wealthy residents to the neighborhood. Today, the area features excellently preserved historical architecture while its main streets house decades-old businesses and modern establishments alike. If you’re interested in Cobble Hill office space for lease, contact us, and we will gladly assist you in your search for the ideal space.
Cobble Hill Office Space—Lease Data & Trends
The commercial real estate market includes Cobble Hill in the Eastern Brooklyn submarket. Over the past year, Brooklyn’s availability and asking rent per square foot have skyrocketed, but Cobble Hill’s office space activity has remained relatively stagnant. Despite the pandemic increasing Brooklyn’s overall asking rent from Q1 2020 to Q1 2021, the median asking rent per square foot for Cobble Hill office space decreased from $48.38 in Q1 of 2020 to $47.31 in Q1 of 2021.
Even with its high-priced real estate, Cobble Hill remains a trendy area and contradicts the overall data for office space availability in the Brooklyn area. Data shows that the Cobble Hill area decreased in availability from 2020 to 2021 while the rest of the Brooklyn area increased significantly in availability. Cobble Hill’s availability rate sat at 11.1% in Q1 of 2020, and by Q1 of 2021, availability had decreased to 10.5%.
While there aren’t any new developments in Eastern Brooklyn as far as office space goes, other Brooklyn neighborhoods are filling up with office spaces with new developments from Cowtan & Tout and Daedalus Design & Production.
What Our Brokers Say About Cobble Hill Office Space
Cobble Hill’s central location to crucial residential neighborhoods in East Brooklyn and its rich historical characteristics make it a prime location for renting office space.
The professional industry is booming in this area as business professionals such as lawyers, architects, and accountants take advantage of office spaces. Education represents another sector where the industry excels thanks to the large residential areas of Cobble Hill, featuring schools such as the Cobble Hill School of American Studies.
Despite rising rent prices, Cobble Hill Cinemas, known for attracting celebrities like Chris Rock and Marisa Tomei, still experience success. A variety of shops built on multiple family generations of hard work and dedication remain open even today.
In the way of office solutions, WeWork in Downtown Brooklyn remains the leading company, just outside of Cobble Hill’s Eastern Brooklyn submarket. However, you will find plenty of Cobble Hill office space for lease to start your own office solution venture.
Top Commercial Buildings around Brooklyn’s Cobble Hill
Check out these top commercial buildings around this Downtown Brooklyn neighborhood.
16 Court Street: The 37-floor, 317,600 square foot Montague-Court Building was built in 1927 with updates in 2016. This building is close to Interstate 278 and ideal for those who commute other ways. The office space features key-card access and on-site security.
38 6th Avenue: Near a primarily residential area, this 3,393 square foot office building available for lease features a restroom and nearly 13-foot high ceilings.
472 Atlantic Avenue: Consider this 4,292 square foot office building as an ideal space for an office, retail business, or restaurant. Its prime location near condominiums, Cobble Hill, and Boerum Hill makes it a perfect property for renting office space.
Get To Know Cobble Hill
Cobble Hill offers excellent professional and retail business opportunities thanks to easy access to the Brooklyn Bridge. Cobble Hill stands as a calm, trendy area featuring boutiques along Court Street and restaurants along Smith Street. The casual atmosphere of the historical side of the neighborhood attracts business professionals and families to Cobble Hill and its many markets and varied shops.
The 370,000 square foot Atlantic Terminal Mall includes 35 stores across four floors, including MAC Cosmetics, Guitar Center, Pandora, Men’s Wearhouse, and Bath & Body Works. In addition, you’ll find a diverse culture in Cobble Hill, with restaurants such as La Vara and Henry Public putting its diversity on display firsthand. This quaint neighborhood also features beautiful streets and plenty of popular locations for walking and enjoying nature, such as Cobble Hill Park.
Why Rent Office Space in Cobble Hill, Brooklyn?
Why should you rent office space in Cobble Hill, Brooklyn, NY? Located close to Interstate 278, it’s easy to get to Cobble Hill from Manhattan or another Brooklyn neighborhood. The neighborhood’s charming vibe and blend between old and new establishments make it a great location to set up an office. It’s also home to favorite eateries such as the Court Pastry Shop and Staubitz Market. Cobble Hill’s variety and appeal make it an excellent place to rent office space in Brooklyn whether you want to start a business or relocate your old office.
Nearby Neighborhoods To Set Up Office Space
Like Cobble Hill, but want to know your other options? Then, check out these nearby neighborhoods during your hunt for office space.
Brooklyn Heights: To the north of Cobble Hill, this neighborhood teems with many residential areas housing young professionals and retail opportunities at every corner. Setting up your office space in Brooklyn Heights is a wise decision.
Carroll Gardens: South of Cobble Hill, Carroll Gardens boasts many opportunities in the food and retail industries. Bars and boutiques abound in this quiet, vintage area, as well as outdoor recreational areas for relaxing.
Boerum Hill: If you want the downtown modernity of Brooklyn and the residential wholesomeness of Cobble Hill, you may find Boerum Hill the ideal place to lease office space.
If you are interested in more information on Cobble Hill office space for lease, we can assist you. Contact us when you need help in your search for suitable office space in Cobble Hill, Brooklyn, NY.