Finding cheaper offices in Hudson Square

From the December issue: Building owners leasing commercial space in Hudson Square might be positioned better than landlords in other neighborhoods to weather the market downturn, brokers and owners said. Many media businesses such as Viacom, New York Magazine, Clear Channel, Miramax, WNYC and CBS Radio have migrated from Midtown to this Downtown area just west of Soho. The attraction? Large industrial spaces that cost $40 to $50 per square foot, about half of what is charged in Midtown.