Brooklyn Office was Once Industrial Space

Brooklyn Office Space Market Set to Boom The Lockaway Self Storage Building in Brooklyn is typical of the warehouses and factories that could potentially be converted to office use. This 1890s warehouse, located across from The Brooklyn Navy Yards was originally a shoe factory and then a root beer bottling plant before being shut down years ago.  According to Tucker Reed, president of the Downtown Brooklyn Partnership, this building among many others are ripe for conversion to office space. Tightening Market The Brooklyn office space for rent availability rate (the space that is available now or scheduled to become available within 12 months) in Brooklyn has dropped to 7.8% at the end of June; average asking rents are $32.13, compared… Continue reading

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Posted in Brokers & Other Real Estate ProfessionalsCommercial Leasing 101Manhattan Office Space.

What to Look for While Inspecting NYC Office Space For Lease When inspecting NYC office space for lease potential tenants don’t always notice important attributes of a property.  People let their emotions interfere when touring Manhattan real estate and don’t always judge the merits of a property as a result. Before submitting an offer a business owner has to evaluate a space carefully. Prior to scheduling a commercial real estate tour, write down the attributes you would like to see in your new location. You can share this punch list with your broker. It will make it easier for a real estate expert to research the commercial office space market on your behalf. It will result in a more productive… Continue reading

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Posted in Commercial Leasing 101Manhattan Office Space.