[New York Sun ] Real Estate and DevelopmentFor one of the first times in recent memory, brokers are saying office space is more affordable in Lower Manhattan than in Brooklyn.
"We have to go out and look at what is readily available, or what can be converted within the timeline to meet the requirements," Hill said of office space.
Mr. Dolch said offering office space to start-up companies helps solidify the consulting relationship and takes one more burden away from young executives trying to build a business.
"For the first time in N.Y.C. history," he said, "new office space suitable for a broad range of needs can be produced in an N.Y.C. location adjacent to the Manhattan core for the same cost, or less, than at the nearby suburban locations".
That being said, the office space search engine is now ready to expand, announcing today that it is now live in New York City, after months spent forging partnerships with landlords and commercial real estate brokers in Manhattan.
Jason Finn: As Michael Bolton said in Office Space: "I guess I sorta like 'em all".
While exact market estimates will not be available until early next year, Montgomery said that office space may be leased at about $4.50 per square foot while residential space does not yet have a price tag.
The same could be said for office space housing staff from different projects or having different functions within a single project.
At the same time, Mr. Wooddy said, rents for office space there have doubled since 2013.
"In those days, former presidents received no pensions, no clerical help," Mr. Gable said, and "no office space".
