As businesses in the New YorkCity area start to roll out reopening plans and consider theirpost-covid strategy, the outer boroughs could hold increasingappeal for commercial tenants.
That could be good news for newoffice building developments in Long Island City and downtownBrooklyn.
Big office space users have beenreluctant to leave Manhattan in the past, but now companies areseeking plenty of room for social distancing. Building owners andcommercial brokers are forecasting many may relocate their officesaway from expensive and crowded Manhattan office space or opensatellite offices in outlying boroughs to provide employees morespace at a lower cost per square foot.
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Meredith Hobbs
Meredith Hobbs writes about the Atlanta legal community and the business of law. Contact her at [email protected] or 404.419.2837. On Twitter: @MeredithHobbs.
