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Brooklyn's hip, its office supply is rising, but big Manhattan tenants still not biting

Not one non-government employer has signed a lease for more than 100,000 sq ft

Published Fri, May 5, 2017 · 09:50 PM

    New York

    BROOKLYN'S image as New York's hub of hipness attracts residents from artists to bankers. Yet in at least one respect, the city's most populous borough is struggling to live up to its hype.

    A push to attract big-name companies for large offices in Brooklyn has so far come up short. Not one non-government employer has signed a lease for more than 100,000 sq ft, a typical minimum size for a building's anchor tenant, since mid-2015. Last year, the only deal that large was a renewal by the New York City Fire Department.

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