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.
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.
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