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2 days agoBrooklyn office market sees shift as tenants look beyond Manhattan
Brooklyn's office market is carving out its own identity as companies and workers move away from Manhattan's pricier spaces, according to new data from JLL. Average asking rents in Brooklyn dropped 5.1% over the past year, now at $53.33 per square foot. But the report shows a sharp divide between high-end and mid-tier offices. Class A buildings, the newest spaces with modern amenities, are facing vacancies close to 25%.
NYC real estate