Brooklyn

Commercial space in Dumbo

Dumbo is Brooklyn's premier creative office district, with converted warehouse buildings along the waterfront between the Brooklyn and Manhattan Bridges. It is popular with tech, design, and media firms.

Commercial properties
110
Office stock
3.1M SF
Median year built
1913
Known for
Office, Flex / Creative, Retail

Building figures are existing stock from NYC PLUTO 26v2 tax lot records, not space on the market. More below.

On Leasemark No spaces or requirements posted in Dumbo yet. List a space and it is matched to every new requirement, or post what you need and get matched as spaces arrive.

Nothing listed in Dumbo yet

The labeled examples below show how spaces appear here; they are not on the market. Get an email the day a space here is posted, or list yours and it is matched to requirements the day it goes up.

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What a requirement here looks like

No live requirements in Dumbo yet. These labeled examples show what tenants post.

Want · Office / Flex / Creative

Design studio seeking 4,000 SF loft

Posted by the tenant · Architecture

Where
Dumbo, Chelsea +1
Size
3,000 to 5,500 SF
Budget
to $70/SF
Move in
Dec 2026
Exposed brickHigh ceilings
Owners: got a fit?I have a fit

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NYC tax lot records

The building stock in Dumbo

What already stands here, from the city's own property data. Useful for sizing a search before a single space is listed.

Commercial properties
110
Office space
3.1M SF
Retail space
809K SF
Built before 1940
64%

Largest office buildings

  1. 11 floors · built 1909
  2. 5 floors · built 1900
  3. 12 floors · built 1906
  4. 10 floors · built 1967
  5. 12 floors · built 1962
All 18 large commercial buildings in Dumbo

Age, height and zoning

  • Median year built: 1913.
  • Median height: 5 floors.
  • Most common zoning districts: M1-4/R8A (22), M1-4/R7A (15), M1-2/R8A (13). 76% of these lots are zoned for manufacturing.
  • Historic districts: DUMBO Historic District (44 lots), Fulton Ferry Historic District (4 lots), Vinegar Hill Historic District (1 lot).
  • 3 lots are designated city landmarks.

Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-16. Counts cover tax lots with commercial floor area within about 0.3 mi of Dumbo's commercial core, and each lot counts toward one neighborhood only, so boundaries are approximate. Building figures are the city's floor-area estimates, not available space.

MTA station data

Subway stations in Dumbo

Every station within about 0.5 mi of Dumbo's commercial core, closest first. Stations joined by a free transfer count once.

Stations
3
Subway lines
5
Fully accessible
0 of 3
Closest
York St, 3 min walk

The 3 stations

  • York St3 min walk · Not accessible
  • High St6 min walk · Not accessible
  • Clark St10 min walk · Not accessible

Lines

The 2, 3, A, C and F trains stop within about 0.5 mi of Dumbo's core.

Step-free access

  • None of these stations is fully accessible. The closest accessible station is Borough Hall (2 3 4 5), about 0.7 miles from the core.

Source: Metropolitan Transportation Authority, MTA Subway Stations, pulled 2026-10-16. Walking times are straight-line estimates from the nearest point of Dumbo's commercial core (the same area as the building counts), so the street route is longer. Accessibility is the MTA's rating for the named station. PATH, LIRR, Metro-North and ferries are not in this data.

NYC property records (ACRIS)

Recent building sales in Dumbo

7 sales of the large commercial buildings Leasemark tracks in Dumbo have been recorded since 2016, $611.6 million in all. The newest 6 are below.

Newest sales

  1. 175 Pearl Street$66.5 million
    May 2024 · $360 a SF · to 175 PEARL STREET LLC
  2. 81 Prospect Street$33.8 million
    May 2024 · $362 a SF · to 81 PROSPECT LLC
  3. 55 Prospect Street$138.1 million
    March 2017 · $539 a SF · to KC 55 PROSPECT OWNER LLC, RFR 55 PROSPECT OWNER LLC and others
  4. 77 Sands Street$121.3 million
    March 2017 · $542 a SF · to KC 77 SANDS OWNER LLC, RFR 77 SANDS OWNER LLC and others
  5. 175 Pearl Street$102.9 million
    March 2017 · $556 a SF
  6. 117 Adams Street$98.5 million
    March 2017 · $538 a SF · to KC 117 ADAMS OWNER LLC, RFR 117 ADAMS OWNER LLC and others

Since 2016

  • Largest: 55 Prospect Street, $138.1 million in March 2017.
  • Median price: about $539 a square foot of floor area, across 7 one-building sales.
  • Newest deed on record: May 2024. The city's open data runs about a month behind.
All 7 building sales in Dumbo

Source: NYC Department of Finance, ACRIS, Real Property Master, Legals and Parties, pulled 2026-10-16; prices as the deeds state them, buyers named only when they are companies. These are sales of the large buildings Leasemark tracks, not every sale here: condo buildings (sold unit by unit), partial interests and sales of the company that owns a building are left out.

NYC Department of Finance

Commercial property taxes in Dumbo

Of the 18 large commercial buildings Leasemark tracks in Dumbo, 17 carry property tax on the city's 2026/27 assessment roll. Their median estimated tax is about $10.57 per square foot of floor area a year, before abatements.

Largest estimated bills

  1. 55 Water Street$8.2 million
    $20.92 a SF · market value $180.9 million
  2. 45 Main Street$5.54 million
    $11.63 a SF · market value $115.3 million
  3. 35 Jay Street$5 million
    $25.44 a SF · market value $102.9 million
  4. $10.68 a SF · market value $104.1 million
  5. 20 Jay Street$3.74 million
    $7.49 a SF · market value $76.7 million
  6. 10 Jay Street$2.86 million
    $16.41 a SF · market value $73.2 million

Across 17 taxed buildings

  • The middle half pay between $8.58 and $12.06 a square foot of floor area a year.
  • Brooklyn median: $6.14 a square foot, across 450 large buildings Leasemark tracks.
  • Median market value on the roll: about $231 a square foot. That is the city's valuation for tax, not a sale price.
  • 1 building is fully exempt: 11 Front Street. Exemptions like these are common for government, nonprofit and PILOT properties.

Source: NYC Department of Finance, Property Valuation and Assessment Data, 2026/27 roll, pulled 2026-10-16. Estimates are the taxable value after exemptions times the Class 4 rate of 10.848% (tax year 2025/26, the latest the city lists), divided by the building's floor area in PLUTO. They leave out abatements such as ICAP, payment-in-lieu-of-taxes agreements and charges, so actual bills differ. Large buildings only (35,000 SF and up in Brooklyn).

NYC Department of Buildings permits

Interior build-outs in Dumbo

In the 12 months to October 2026, the Department of Buildings issued first permits for 9 interior build-outs in 6 of the 18 large commercial buildings Leasemark tracks in Dumbo, with work permitted on 9 floors in all. Their filed cost estimates add up to about $21 million.

Most build-outs, last 12 months

  1. 4 floors with work
  2. 2 floors with work
  3. 1 floor with work
  4. 1 floor with work
  5. 1 floor with work
  6. Named parts only
  • 33% of the buildings tracked here had a build-out, against 21% across Brooklyn.

Build-outs by quarter

  • Q1 20252
  • Q2 20253
  • Q3 20254
  • Q4 20253
  • Q1 20264
  • Q2 20262
  • Q3 20261
  • Q4 2026 to Oct 220

Newest

  • 53 Bridge StreetJul 2026Floor 1; plumbing; est. $27,000
  • 55 Water StreetMay 2026Floors 4 to 6; construction; est. $14 million
  • 55 Water StreetApr 2026Floors 4 to 6, roof; mechanical, plumbing, sprinklers, standpipe, structural; est. $5.9 million
  • 55 Water StreetMar 2026Floor 3; construction, mechanical; est. $600,000

Source: NYC Department of Buildings, DOB NOW: Build Approved Permits, pulled 2026-10-24 (permits issued through 2026-10-22). A build-out groups interior jobs (construction, mechanical, plumbing, sprinklers and the like) on the same floors first permitted within 120 days of each other, dated by its first permit. Only the large buildings Leasemark tracks count (35,000 SF and up), not every permit in the neighborhood. Costs are the estimates filed with the jobs. A permit does not say who the work is for.

Before you sign

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Questions about Dumbo

How much commercial space is there in Dumbo?

New York City's PLUTO tax lot data (26v2) records about 5.7 million square feet of commercial floor area across 110 properties in the part of Dumbo Leasemark covers, including about 3.1 million square feet of office and about 809,000 square feet of retail. The largest office building by that measure is 20 Jay Street, at about 418,000 square feet. That is the existing building stock, not space currently available.

What subway lines serve Dumbo?

Three subway stations sit within about 0.5 mi of Dumbo's commercial core, served by the 2, 3, A, C and F trains. The closest is York St (F), roughly 3 minutes on foot; then High St (A C) and Clark St (2 3). Walking times are straight-line estimates from MTA station data.

Which subway stations in Dumbo are accessible?

None of the three stations within about 0.5 mi of Dumbo's commercial core is fully accessible, per the MTA. The closest accessible station is Borough Hall (2 3 4 5), about 0.7 miles from the core in a straight line.

When did a large commercial building in Dumbo last sell?

The newest sale on record is 175 Pearl Street, which sold in May 2024 for $66.5 million to 175 PEARL STREET LLC, per the deed recorded with the city. 7 sales, $611.6 million in all, have been recorded of the large commercial buildings Leasemark tracks in Dumbo since 2016.

See every building sale in Dumbo

How much are commercial property taxes in Dumbo?

On the Department of Finance's 2026/27 assessment roll, the 17 large commercial buildings Leasemark tracks in Dumbo that pay property tax come to a median of about $10.57 per square foot of floor area a year, with the middle half between $8.58 and $12.06. That is the taxable value after exemptions times the Class 4 rate of 10.848% (tax year 2025/26, the latest the city lists), before abatements such as ICAP. The largest estimated bill is 55 Water Street, about $8.2 million a year. 1 more building is fully exempt. Many office leases pass a tenant's share of increases over a base year through as additional rent.

How taxes show up in gross and net leases

How much build-out work is happening in Dumbo?

In the 12 months to October 2026, the Department of Buildings issued first permits for 9 interior build-outs in 6 of the 18 large commercial buildings Leasemark tracks in Dumbo, with work permitted on 9 floors in all. Their filed cost estimates add up to about $21 million. The most were at 55 Water Street (4 build-outs). A build-out here is interior work on the same floors (construction, mechanical, plumbing, sprinklers and the like) first permitted within 120 days. New interior work usually follows a lease, so it is a rough sign of where tenants are moving in, but a permit does not say who the work is for.

Build-outs in every NYC neighborhood

Do tenants in Dumbo pay the NYC Commercial Rent Tax?

No. The Commercial Rent Tax only applies to space in Manhattan below 96th Street. It was repealed for Brooklyn, so a commercial lease in Dumbo does not pay it at any rent.

See where the Commercial Rent Tax applies

Is it free to post on Leasemark?

Yes. Posting a space or a requirement is free. Contact details are only shared when both sides accept an intro.