Research

Brooklyn and Long
Island City Office
Outlook - Q4 2019

New developments in Williamsburg gained traction in the fourth quarter

February 12, 2020

Office projects located in Williamsburg that have recently been constructed or are nearing delivery attracted newsworthy tenant commitments in the fourth quarter. The performance of these office projects in the rapidly growing office district could pave the way for continued development activity going forward. Asking rents remained stable throughout Brooklyn and Long Island City, though the overall vacancy rate increased modestly.

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