Class B buildings find a fresh fanbase: Companies based in the outer boroughs are making their way into Manhattan to lease older office space at reduced prices.

Autor:	Hughes, C. J. (AUTHOR)
Předmět:	CENTRAL business districts, SMALL business, COVID-19 pandemic, REAL property tax, REAL property, LEASES, OFFICE leases
Zdroj:	Crain's New York Business. 11/25/2024, Vol. 40 Issue 43, p1-1. 1p.
Abstrakt:	Companies based in the outer boroughs are increasingly leasing older office space in Manhattan due to reduced prices post-pandemic. Class B buildings, which are less new and amenitized than Class A properties, are becoming attractive options for tenants seeking affordable rents. This shift has led to a small but steady stream of midsize firms relocating to neighborhoods like the Garment District, NoMad, and Hudson Square, presenting opportunities for growth and revitalization in these areas. Despite some Class B buildings facing challenges, others are experiencing a resurgence and are seen as undergoing a positive transformation. [Extracted from the article]
Databáze:	Regional Business News
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