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Projects & Proposals > Brooklyn > Downtown Brooklyn Printer Friendly Version
Downtown Brooklyn - Approved!
ECONOMIC PERSPECTIVE
Introduction | Economic Perspective | The Plan | Public Commitment | Public Review
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Office Space Shortage
During the 90's boom years, expanding corporations were unable to find less expensive, ready-to-go opportunities in Manhattan. Between 1995 and 2000, rent for Class A space in Manhattan increased by 100 percent while vacancy dropped by 80 percent. However, the Class A space inventory increased by only 4.7 million square feet, two percent of the total.

chart of office space in Manhattan



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