Office Leasing Shows Signs of Life in Brooklyn

Office leasing is taking off at one property in Downtown Brooklyn. Brookfield Properties has signed three new leases and several lease renewals at MetroTech Center, a 5.5 million square-foot mixed-use complex with access to 13 subway lines and a 3.5-acres public park. The lease transactions total 132,000 square feet.

HeartShare Human Service of New York signed a lease renewal for its 32,696-square-foot space with a 19-year extension; SoulCycle has extended its outdoor studio through June of this year; JLL signed an 11-year lease deal to manage Orchard Workspace, a co-working space that features UV air purifiers, mobile dividers, a micro-market for food and beverage offerings; and The IRS renewed its 48,000-square-foot lease. This is in addition to the complex’s growing roster of tenants, which includes Slate, Magellan Health, Think! Architecture and Design, Uniworld Group, Stratasys MakerBot and JPMorgan Chase.