Over the last several years, the Brooklyn office market has been undergoing a remarkable transformation. Local and national Tech and Creative firms have been targeting Brooklyn to be close to the new talented work force.

Looking to sell?
Dan Marks
Have Dan contact you
Looking to Sell?
Contact Dan Marks

Want Dan to contact you?

I would like to be contacted:

The market saw continued demand for industrial/office properties in 2017. With the office market still growing and a renewed interest in industrial by distribution companies, both dollar volume and price per square foot increased significantly from 2016.

Dan Marks, Partner

Industrial/Office Insights

2017 Avg Sale Price: $15.89m

Average Sale Price by Region

  • Bed-Stuy/Bushwick/Crown Heights $4.16m
  • Central Brooklyn $3.24m
  • East Brooklyn $4.09m
  • Greater Downtown Brooklyn $51.83m
  • North Brooklyn $7.21m
  • South Brooklyn $980k
  • West Brooklyn $6.94m

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.

See Full Case Study >