Editor's Note: Miles Berger, chairman and CEO of The Berger Organization, spearheads the firm's residential, hospitality and commercial operations, encompassing more than a million square feet of space and 12 hospitality properties in Northern New Jersey and New York City. He is widely credited for his role as a catalyst for the revitalization of Newark, NJ as a destination of choice for business, shopping, dining, entertainment, sports and culture. This Q&A is adapted from an essay provided by Berger.
Q: It seems like developers and tenants are suddenly rediscovering the potential of older buildings and finding surprising ways to repurpose them. What's changing?
A: Older urban office buildings at one time were at a disadvantage when it came to attracting technology firms and millennial-run companies – among other tenants – in search of smart, open, collaborative works spaces. In fact, old is “in,” at least when it comes to tenant preferences for office space. As urbanism continues to drive companies to central business districts in cities such as Newark, property owners such as The Berger Organization are reaping the benefits.
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