In 2019, there was a total of 76 industrial/office transactions in Brooklyn, totaling approximately $937M which is up slightly from 2018 with a total consideration of approximately $922M.
The North Brooklyn region had the highest number of industrial/office transactions with 17 transactions, as where in 2018, the Central Brooklyn region had the highest number of industrial/office transactions.

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Industrial/Office continued to show strength in 2019 with 74 transactions and almost $1B in dollar volume. This was the only asset class to have an increase in transaction volume, increasing almost 20% from 2018

Dan Marks, Partner

Industrial/Office Insights

2019 Avg Sale Price: $12.3m

Average Sale Price by Region

  • Bed-Stuy/Bushwick/Crown Heights $12.9m
  • Central Brooklyn $3.5m
  • East Brooklyn $6.3m
  • Greater Downtown Brooklyn $17.3m
  • North Brooklyn $13m
  • South Brooklyn $7.5m
  • West Brooklyn $34.3m

80 Hudson Avenue Case Study

TerraCRG’s Ofer Cohen, Melissa Warren, Dan Marks, Peter Matheos, Mike Hernandez, and Joey Terzi were the sole brokers in the lease of the free-standing loft building at 80 Hudson Avenue.

This 76,000 GSF building, located in the Vinegar Hill neighborhood of Brooklyn, was a rare-opportunity as it is one of the only free-standing, commercially-zoned buildings of its size in New York City’s center of innovation and creativity.

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