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Retail, Office Brokers of the World, Unite!

Changes are happening as office tenants look for “experience” and retailers bow to technology.

By John Salustri | Lee & Associates | Updated on September 19, 2017

BROOKLYN –There is a blurring of lines among the traditional food groups. Much has been written about the merging of retail and industrial, but less so about office and hospitality or office and retail.

Nevertheless, those changes are taking place, as office tenants strive for greater amenities (think of finer hotels) and as they borrow “experience” from the retail sector to describe a day at the office. Justin Myers, managing director and principal of the New York office of Lee & Associates NYC, sees the changes coming and says that 61 North 11th Street is a prime example of how those blurred lines play out on the broker side.

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