Inside Brookfield Properties’ New Flex Office Hub

JLL has landed the management deal for Brookfield Properties’ newest flexible office campus in Downtown Brooklyn. Called Orchard Workspace at 15 MetroTech Center, the property is 50,000-square-fott flexible office and meeting campus targeting mature and start-up companies. JLL has worked on the property from top to bottom, including design and construction, and it will now take on operations as well.

The pandemic has disrupted the office market, and New York City has been the epicenter of the damage—with a near stall in office leasing activity and investment. However, many companies, including Brookfield, are forecasting increased demand for flexible office space has companies adopt a hybrid remote work and in-person working model following the pandemic. This particular campus will be able to accommodate everything from meeting spaces, spinout space for startups and small companies as well as companies in need of satellite offices. Scheduled to open in spring 2021, it will help to supply that demand and gives Brookfield confidence in the success of the property.