May 21, 2020

Brooklyn’s Oversupplied Office Market Is Ready To Welcome Manhattan Satellites

Brooklyn’s office market has been sluggish in recent years, hampered by large, available spaces, a plump development pipeline and reticence from big space users to make the jump from Manhattan. But as businesses begin to plot their futures, Brooklyn players are banking the borough could reap economic rewards in the immediate aftermath of the coronavirus pandemic.

TerraCRG Commercial Realty Group partner Dan Marks said he expects small leases to remain a big part of the engine in Brooklyn for the foreseeable future.

Read more here.