Q1 2025 Brooklyn Industrial Market Update

Below you’ll find an overview of the Brooklyn industrial market in Q1 and some noteworthy insights. This data excludes transactions from under $1M and self-storage transactions.

Brooklyn Industrial Slowed Sharply in Q1 2025

• Total dollar volume was about $88M—a 55% drop compared to Q1 2024.
• Only 19 industrial properties traded hands, the lowest number of transactions since Q1 2021.
• The average sale price landed at $4.6M.
• User buyers made up 68% of the market and, notably, 38% of those users were first-time buyers.

 

Gut Check on the Market

• User demand is still there! However, uncertainty is slowing down decision-making.
• The first-time buyer pool feels noticeably shallower compared to previous years.
• Investors are becoming a more compelling option for sellers on higher-priced deals, as the pricing gap between users and investors continues to narrow.