Office leasing activity up in Brooklyn
Sunset Park, Williamsburg, Downtown see lively activity
Office leasing activity increased more than 10 percent in the second quarter of 2022 compared with the year’s first quarter, according to the new Brooklyn office market report from Collier’s, an international management company that provides services to commercial real estate users, owners, investors and developers.
The report breaks the borough’s office market into seven “submarkets”: Downtown/MetroTech; DUMBO/DUMBO Heights; Eastern Brooklyn; Industry City, Brooklyn Navy Yard; Red Hook/Gowanus; and Greenpoint/Williamsburg.
The largest transactions during the second quarter of 2022, according to the report, included the New York City Department of Finance’s 136,000-sq.-ft. lease renewal at 147 41st St. in Sunset Park; Vice Media’s 78,000-sq.-ft. renewal at 289 Kent Ave. on the Williamsburg waterfront; and Blank Street’s (coffee) 16,000-sq.-ft. new lease at 10 Grand St., also on the Williamsburg waterfront.