• Was the Brooklyn office craze a bust?

    4 days ago - By The Real Deal New York

    From the July issue: When Brooklyn's most heralded startup, the online marketplace Etsy, inked a 200,000-square-foot lease at Dumbo Heights in July 2014, many saw it as confirmation of a long-held hypothesis: If landlords provided new office space in the borough, then companies would be willing to sign massive leases at super-high rents. But since Etsy agreed to anchor RFR Realty and Kushner Companies' 1.2 million-square-foot redevelopment project, Brooklyn's office market has gone from underserved to bloated [...]
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