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.