Columbia Street Waterfront District, NY, Office Space for Rent
One of Brooklyn‘s smallest neighborhoods with only 22 blocks, Columbia Street Waterfront District was formed in 1957 when Columbia Street separated from the southern neighborhoods of Cobble Hill and Carroll Gardens. The community did not see growth until 1984, thanks to an urban renewal project that boosted the real estate market at the time.
Today, you’ll find a quirky waterfront neighborhood dotted with boutiques and a warm, close-knit atmosphere. Modernization is taking hold of this neighborhood with revamped residential options. The Columbia Street Waterfront District’s revitalized culture makes it a suitable choice for those in the retail, entertainment, and professional industries. At the same time, the community’s close location to the Brooklyn Bridge and lower cost of living brings small business owners to the area. Contact us to discuss your options for Columbia Street Waterfront District office space for lease.
Columbia Street Waterfront District Office Space—Lease Data & Trends
In Eastern Brooklyn, where the Columbia Street Waterfront District resides, rent remained relatively constant despite the hardships brought about by the pandemic. Overall leasing for Brooklyn decreased, while the overall asking rent for office spaces increased since the final quarter of 2020. In 2020, Q1 asking rent in the Eastern Brooklyn office space submarket averaged $48.38 per square foot during Q1, decreasing to $47.55 by the end of the year (Q4). By Q1 of 2021, little new activity caused asking rent to drop again to $47.31.
Eastern Brooklyn’s high asking prices for renting and purchasing office space in an excellent location mean availability rates rarely change. While the average availability rate increased by 5.2% for Brooklyn overall, the Eastern Brooklyn submarket had little change. In Q1 of 2020, the office space availability rate was 11.1% and decreased to 11% by Q4. Rates during Q1 of 2021 show availability steadily decreasing, at 10.5%.
Despite the decrease in availability, no office space developments occurred within the past year in the Columbia Street Waterfront District.
What Our Brokers Say About Columbia Street Waterfront District Office Space
About 15% of the population living in the Columbia Street Waterfront District work in the professional industry, while agricultural businesses have plenty of opportunities in this waterfront neighborhood’s growing community. Education emerges as another highly valued and in-demand industry with some of the best public schools in the area, such as the PS 29 public school.
The area supports more small businesses rather than large companies, with consulting firms being a popular endeavor to begin. Despite no workspace solutions in the area, popular workspace companies, including WeWork and Regus, lie just a short drive away from Columbia Street Waterfront District in Brooklyn Heights.
While office space availability has decreased, the lifted pandemic restrictions open up Columbia Street with more opportunities for restaurants, boutiques, and other businesses, including offices.
Top Commercial Buildings in Brooklyn’s Columbia Street Waterfront District
68 Summit Street: This building features 1,600 square feet of available commercial space for lease and sits in an area close to Interstates 478 and 278. You’ll find loft homes here perfect for your business or office.
138 Union Street: Built in 1931, this brick building features multiple units ideal for your next office space.
22 Woodhull Street: This office building was built in 1906 and renovated in 2004. The entire property’s 13,200 square feet features a warehouse and loading dock in addition to its generous office space.
Get To Know Columbia Street Waterfront District
Columbia Street Waterfront District’s restaurants and quaint shops make it appealing to business professionals, growing families, and young, artistic individuals. Getting around the area proves easy thanks to the small size of this neighborhood, and you’ll find a direct route to both Interstate 278 and 478 to cross over to Manhattan, allowing you to bypass heavy traffic in Brooklyn Heights.
Small businesses, including retail locations and restaurants, line Columbia Street and add to the warm atmosphere by the water. Diverse cultures reign here, with everything from Thai to Mexican food and the traditional Italian cuisine so famously exclusive to Brooklyn—pizza. Other cultural tidbits include the Jalopy Theatre and School of Music and the female-owned creative co-op, the Brooklyn Collective. And you’ll also find several parks and gardens throughout the community.
Why Rent Office Space in Columbia Street Waterfront District, Brooklyn?
What makes Columbia Street Waterfront District office space for lease worth renting? This tiny neighborhood overflows with various business opportunities, from artistic endeavors to more analytical ventures like a legal or accounting firm. Its location near the water gives the Columbia Street Waterfront District neighborhood an advantage over other communities in the area, drawing residents from more upscale neighborhoods.
The neighborhood’s unique amenities make an excellent reason to set up an office in the Columbia Street Waterfront District for those who want to feel at home in a village-type location. Business owners looking to get away from the hustle and bustle of Manhattan or Brooklyn’s busiest downtown areas will find office space in the Columbia Street Waterfront District a pleasant and calming change.
Nearby Neighborhoods To Set Up Office Space
Are you not yet sold on the Columbia Street Waterfront District area for your next office? Don’t worry—consider some of these other worthwhile neighborhood alternatives with ample office space in the surrounding areas.
Cobble Hill: This quiet, diverse historical neighborhood has many office space properties for lease and features a blend of new and old businesses and cultures alike. Business owners can take advantage of the booming professional industry in the area.
Carroll Gardens: A predominantly Italian-American community, Carroll Gardens stands out as a convenient and safe neighborhood for upper-middle-class Americans with a friendly, old-school atmosphere.
Brooklyn Heights: One of the largest residential neighborhoods in Brooklyn, Brooklyn Heights comprises a community where professionals who want to rent office space can thrive with beautiful housing and easy subway access.
The office space market can be hard to navigate, but we can help make it easier to find the right office. Contact us if you are interested in learning more about Columbia Street Waterfront District office space for lease.