The New Coney Island - Brooklyn's Times Square by the Sea

Saturday, March 14, 2015

The Manhattanization of the Brooklyn Real Estate Market

GlobeSt excerpt -

NEW YORK CITY—“Brooklyn is on fire, there are tenants for everything.” Those were the words of David Shorenstein, co-principal of Silvershore Properties Thursday during a panel discussion on the borough at the B’nai B'rith real estate division monthly luncheon in Midtown.

The group discussed Kings County’s renaissance but among the area’s commercial real estate experts, it’s clear that Brooklyn’s rise has been meteoric enough to now enter some new phases.  After all, if there are tenants for everything, what vacant space is left?

“There’s been a Manhattanization of the Brooklyn market,” asserted Christopher Havens, VP, commercial real estate, “Brooklyn has this thing going on and everyone there thinks that they are part of it.”

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