Good News for Commercial Real Estate in Dumbo
The Manhattan office market may be hurting, but fourteen new businesses are opening up shop in Two Trees’ spaces in Dumbo, including graphic design, marketing, and advertising companies, according to a press release that landed in our inbox this morning. They’re filling 24,000 square-feet of commercial real estate space in three Walentas-owned props—45 Main Street,…
The Manhattan office market may be hurting, but fourteen new businesses are opening up shop in Two Trees’ spaces in Dumbo, including graphic design, marketing, and advertising companies, according to a press release that landed in our inbox this morning. They’re filling 24,000 square-feet of commercial real estate space in three Walentas-owned props—45 Main Street, 55 Washington Street and 20 Jay Street.
Generally 1000-3000 sf, with a few larger deals, often current tenants expanding. 20 to 30 a foot…., based on size, exposure, building.
I maintain that dumbo is the most vibrant office market in the boros, with the most leases, new space offered through renovation. There is quite a bit of turnover, with companies merging, moving and closing, but they keep coming !
!
does anyone have any specific information on this? how much? who exactly? average size of the space, etc…??