News Formal

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

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 50%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

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.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 83. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market today: Wall Street drifts as the pressure keeps mounting from the bond marketNEW YORK (AP) — A sluggish day for stocks kept September on track to be the worst month of the year for Wall Street. The S&P 500 managed a gain of 0.4%, coming off its worst week in six months.
Source: SooToday - 🏆 8. / 85 Read more »