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United States | New York, NY

Report | Brooklyn Office Outlook - Q1 2016

Summary

Brooklyn and Long Island City, together the 12th-largest central business district in the country, have now been combined into a single report due to increasing symmetries between the two office markets. Landlords have repositioned assets with both markets in mind, while occupiers have increasingly considered their options throughout the Waterfront area.

With a population of 2.6 million—which would be the fourth-largest city in the country by itself—Brooklyn can accommodate space occupiers that draw from local talent. Given its pipeline of 10.5 million square feet in Brooklyn and 2.4 million square feet in Long Island City, the Waterfront office market is positioned to transform rapidly. ​


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