NEW YORK CITY—Three years ago next month, Lee & Associatesopened its first office in New York. GlobeSt.com caught up withJames Wacht, president of Lee &Associates' Manhattan and Queens offices, to hear how themarket has changed in this EXCLUSIVEinterview.
GlobeSt.com: Since Lee & Associates NYC openedthree years ago, what changes have you seen in the office, retailand investment sales markets?
Wacht: The biggest story has been theemergence of Midtown South as one of Manhattan's preeminent officedistricts. But another trend is the growing desire of manytechnology companies to locate in Brooklyn and the conversion offormer industrial buildings to office use. It will be interestingto see the success that Jamestown has with the six million squarefeet of space recently acquired at Industry City and the 963,000square feet that Jared Kushner has at Dumbo Heights.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Rayna Katz
Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.
