Report | Brooklyn Office Outlook - Q4 2015
New office projects have replaced prospective residential developments in some of the most high-profile areas of Brooklyn owing to stronger market fundamentals. 420 Albee Square West, which will be the first ground-up speculative office development in Downtown Brooklyn in decades, was formerly a multifamily project. With a vacancy rate of just 4.0 percent, the submarket is currently in need of new supply.
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