February 26, 2019

All Quiet on the Brooklyn Office Front


Commercial Observer

Part of the issue with the new office development is that it’s not geared towards companies actively looking for space in the borough. Those are smaller companies already based in Brooklyn that need 10,000-square-foot office spaces (or less), which has become hard to come by, said veteran Brooklyn office broker Chris Havens.

“A lot of this new development is for [tenants] leaving Manhattan,” said Havens, a managing director at TerraCRG. “The new product is not going to help your Brooklyn tenants. We need a lot more affordable space.”

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