New York City's Fashion District

If there’s a reason why the Garment Center is once again in vogue, than look no further than the red-hot real estate market for office and commercial loft space — many with open plans and high ceilings — as savvy business owners who get there first, lock-in long term leases at buyer’s market prices. According to the Fashion Center Business Improvement District (www.fashioncenter.com), 2012 was the first year that more than half the new office/loft space leases signed were from non-fashion related businesses. This huge trend is spinning with momentum as firms of every industry scoop up the best deals in town. Manhattan office space prices have skyrocketed since the recession Alan Rosinsky, head of Metro Manhattan Office Space, Inc.… Continue reading

Posted in Commercial Leasing 101Manhattan Office Space.