Brooklyn’s Domino Sugar Refinery Reopens as Offices in Tough Market

📆 28/09/2023 2:20 AM
📰 BNNBloomberg

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Brooklyn’s former Domino Sugar Refinery is reopening as an office hub, seeking tenants at a time when demand for workspace has faltered across New York City.

The building, now called the Refinery at Domino, is offering 460,000 square feet of luxury offices for lease, with rents ranging from $75 to $100 a square foot, according to developer Two Trees Management Co.

Office demand in New York has declined over the past few years, as companies look to reduce space due in part to remote work and cost-cutting measures. Still, tenants have been drawn to newer and more unique locations, benefiting some recent developments in the city. “We feel lucky to be in Brooklyn,” Bonnie Campbell, a principal at Two Trees, said. “We have some offices in Manhattan that are struggling, but in Brooklyn, that’s not the case.”

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