The Real Deal New York

Downtown Brooklyn’s Class A market sees highest availability in office space in more than a decade

April 19, 2012 10:30AM
By Adam Pincus

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From left: Forest City Ratner’s 1 Pierrepont Plaza, 2 Metro Tech and 6 Metro Tech

From the April issue: The Manhattan office leasing market is thriving compared to most major cities in the country, but just a short subway ride away in Brooklyn, the market conditions are vastly different. The office market in Downtown Brooklyn was once going strong with a full slate of long-term leases, and a roster of financial firms like Bear Stearns & Company, which were locating back offices there to flee expensive Manhattan rents. [more]

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