September 19, 2017

Brooklyn Seen as Best Bet for NYC to Win New Amazon Headquarters


Brooklyn may emerge as an attractive lure in New York City’s long-shot bid to become Inc.’s new home.

The borough’s image as a hip hub for millennials could give it a leg up as the e-commerce giant hunts for the perfect locale for its second U.S. headquarters, according to Ofer Cohen, president of TerraCRG, a Brooklyn-based commercial-property brokerage. Brooklyn is in the midst of a building boom, with about 7 million square feet (650,000 square meters) of offices planned, as developers seek to leverage the area’s popularity with young people who have migrated across the East River to escape Manhattan’s sky-high rents.

“Everybody got excited in the Brooklyn real estate community” when Amazon announced its intentions, Cohen said. “Brooklyn has been waiting for a technology company to say, ‘I want to make Brooklyn my home.’”

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