286 Lenox Ave. inHarlem.
NEW YORK CITY- Harlem has alwayshad a smaller sample size of office product relative to the rest ofthe city. But that hasn't stopped developers from building in thesubmarket and convincing investors to wrap their heads aroundsmaller office floor sizes, Brent Glodowski, director at AvisonYoung, tells GlobeSt.com.
Often it is a challenge to convince typical office investors whoare used to over 100,000-square-foot properties to focus theirattention towards a 20,000-square-foot asset in a submarket, whichthey likely hadn't previously considered, he said. "When someonebuilds an office building in Harlem they do so with more of a hopeor certainty that it can be filled with quality tenants," Glodowskisaid.
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Mariah Brown
Mariah Brown is the New York Bureau Chief and Real Estate Reporter for GlobeSt.com, covering the New York Metro area, Northeast region and national real estate trends. She is responsible for producing multi-media content, including articles, podcasts and video. Before joining the GlobeSt team, she served as a New York Times fellow, reported for the Associated Press in New York and Philadelphia and several other New York City-based outlets.
