June 4, 2024

Brooklyn’s new ultra-luxury offices struggle to land leases

Creative types loved living in Brooklyn, and developers believed they’d love working there, too. Monday mornings already brought commuters from elsewhere in the city to Downtown Brooklyn and Dumbo, but there was more great industrial stock to refurbish and space to build new. C-suite executives from a cross-section of industries had moved into the borough’s brownstones and high-rises, and it seemed reasonable that they might push for local workplaces when it came time to sign new leases.

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