Although its long played second fiddle to Midtown and Downtown Manhattan, Downtown Brooklyn is one of the hottest office markets in the New York metropolitan area – and with good reason! The neighborhood has much to offer prospective tenants, including affordable rents and an excellent transportation infrastructure. For companies seeking a more affordable alternative to Midtown and Lower Manhattan that’s fairly easy to get to, Downtown Brooklyn is hard to beat. A 2004 rezoning by the Bloomberg Administration has also helped to usher in a wave of new developments throughout the neighborhood.
Anchored by MetroTech Center, the area is home to a thriving economy based on technology, creative services, finance, government and educational services. Here’s a quick look at just a few of its advantages.
Affordable Office Space
Arguably Downtown Brooklyn’s biggest edge over Manhattan’s prime commercial districts is its relative affordability. Compared to Lower Manhattan and Midtown Manhattan, the neighborhood is considerably more economical, making it attractive for budget-minded businesses. For companies looking to save money on their leases, this neighborhood is ideal.
The neighborhood also boasts outstanding public transportation, being home to numerous bus routes as well as major subway hubs at Atlantic Avenue – Barclays Center, Jay Street – MetroTech, Court Street – Borough Hall and others. It also plays host to Long Island Rail Road service at Atlantic Terminal, offering convenient access to suburban Long Island as well as JFK International Airport in Queens.
Manhattan may have the global prestige and cosmopolitan appeal, but Brooklyn has the hip edge that more and more companies are looking for nowadays. Its creative energy, innovation and vibrancy are key selling points for companies looking to relocate there.
Close to Recreational and Entertainment Options
Downtown Brooklyn is also home to a rich variety of entertainment, cultural and recreational options that companies – and their employees – seek nowadays. The Brooklyn Academy of Music hosts performances and cultural events year-round while Barclays Center is home to the Brooklyn Nets, New York Islanders and a diverse array of concerts and events. Other entertainment venues can be found in the vibrant BAM Cultural District while Cadman Plaza Park and the nearby Brooklyn Bridge Park and Brooklyn Heights Promenade offer great places to eat lunch or relax after work before the commute home.