Boerum Hill, NY Office Space for Rent
In the northwestern part of Brooklyn, NY sits a small neighborhood called Boerum Hill. Named in the 1700s for the Boerum family, this quaint neighborhood is part of Brooklyn Community District 2. Since the 1990s, the area has undergone gentrification of its three-story row homes, home to many upper-class families and individuals.
This area combines an urban feel with a cozy atmosphere. Boerum Hill is like its sister, Cobble Hill, with the tree-lined streets and easy commute to Manhattan. Alongside the gentrification efforts has been a renewed interest in the commercial areas of Smith Street and Atlantic Avenue.
Boerum Hill is an excellent place to land if you want to secure commercial or office space close to the city. Contact us for help searching for the ideal Boerum Hill, Brooklyn, NY office space for rent—our services are free to tenants.
Boerum Hill Office Space – Lease Data & Trends
The coronavirus has impacted the leasing in Boerum Hill. The leasing activity in Q1 2021 within Brooklyn decreased by half from Q4 of 2020. In Q4 of 2020, there were three 50,000-999,000 square foot transactions, while in Q1 of 2021, the most significant transactions were the renewal of the IRS at 2 MetroTech Center, Daedalus Design on Flushing Avenue, and renewal of Heartshare Human Services at MetroTech Center.
Brooklyn’s Q1 2021 availability rate has increased by .2 percentage points since December 2020. Year-over-year availability increased by one percentage point, with Brooklyn’s net availability rising by 5.2%. The absorption for Q1 2021 was at negative 0.14 million square feet.
Sublet space increased from 11.8% in Q4 2020 to 12.5% in Q1 2021.
What Our Brokers Say About Boerum Hill Office Space
Downtown Brooklyn and Boerum Hill are growing for businesses, start-up companies, and coworking spaces. Downtown Brooklyn produces almost 4 billion in dining and retail revenue, and there are 11 colleges in Brooklyn that offer many opportunities for businesses to find interns and new employees.
There are ideal leasing opportunities for law offices, as numerous courts located near Columbus Park and Cadman Plaza offer close proximity for attorneys. The Brooklyn Tech Triangle offers the largest tech activity hub outside of Manhattan, expected to generate more than 53,000 jobs and create $15.5 billion in revenue in the next 3-4 years.
MetroTech houses ImpreMedia, MakerBot Industries, and TransCare Corporation, among other companies. The average Brooklyn/Boerum Hill space rents for around $53 per square foot.
Top Commercial Buildings in Brooklyn’s Boerum Hill
472 Atlantic Avenue: This location is perfect for any office, restaurant, or retail setting. Located at the corner of Nevins Street, it offers high foot and car traffic, day or night. The first-floor suite has 4,292 square feet with 40-foot high ceilings and frontage on Atlantic Avenue.
457 Atlantic Avenue: The 5,707 square foot ground floor space offers a premier Atlantic Avenue corner location between Boerum Hill and Barclays Center at the base of the residential condo building.
Get to Know Boerum Hill
While New York City is known for its fast pace and central business district, Boerum Hill offers an old-world feel with the modern amenities of Brooklyn. The many transit stops make traveling anywhere within any of the boroughs convenient and easy. At the northeastern tip of Boerum Hill lies the Atlantic Terminal and the connection to the Long Island Railroad.
The wide, tree-lined streets give a respite from the busy city streets. In the business district of Smith Street, there has been a fresh crop of restaurants and boutiques opening. Jonathan Adler and Nunu Chocolates located their flagship stores there, while Cheryl Kleinman Cakes and Acorn provide more intimate spaces.
With great care taken to preserve the architecture and vintage feel of the neighborhoods, this area is welcoming and growing.
Why Rent Office Space in Boerum Hill, Brooklyn?
Aside from mixed-use spaces for offices, retail, and medical use, Boerum Hill offers an array of dining options along Smith Street. Atlantic Avenue is a go-to destination for boutique shopping. Multiple transit stops and proximity to the Long Island Railroad make getting to the city or any other borough convenient and easy.
Nearby Neighborhoods to Set Up Office Space
While Boerum Hill offers everything you need, other nearby neighborhoods have much to offer as well. Consider some of the other close business opportunities in addition to Boerum Hill, Brooklyn, NYC.
DUMBO: DUMBO, which stands for Down Under the Manhattan Bridge Overpass, is one of the most visited spots in New York, with dining, shopping, and recreation galore.
Greenpoint: North Brooklyn’s Greenpoint lies just north of vibrant Williamsburg. This neighborhood is a beautiful area ripe with trendy office opportunities for creative companies. Greenpoint has a designated historic district along with new development along the waterfront.
Downtown Brooklyn: Downtown Brooklyn ranks as New York’s third-largest business district, with plenty to do, see, eat, and more.
Williamsburg: Williamsburg is dubbed the “new Brooklyn” with its old and new neighborhoods, trendy amenities, and youthful arts community.
If you need help searching for a Boerum Hill or other Brooklyn neighborhood office or retail space, reach out to our team. At SquareFoot, we help you develop your options, refine your search, and locate the ideal space for your business. Contact us today to find your business a Boerum Hill, Brooklyn, NY, office space to rent.