Premier Office commercial real estate news, analysis, trends and information including occupancy, rent, design, office space use and construction deals and players.
The site of the Mitchell Brothers' O'Farrell Theatre is on the market at $10 million or can be leased for a monthly rent of $39,000, but the property is attracting residential developers, says the exclusive broker.
Standout features include Pulaski Skyway panorama photography displays, new indoor pedestrian routes, and refinished lounge areas with an industrial motif.
Rising office rents and a strong economy have fueled owner-user demand, but with limited supply, there aren't many options for small businesses to purchase office space.
The two-story 65,000-square-foot building will be anchored by Spine Team Texas, one of the largest spine specialist practices in the metroplex, as well as a variety of clinics for Texas Health Resources.
The CAC includes a host of political, civic and business leaders in Queens and elsewhere in the city, many who have expressed support for the project that is expected to involve $4 billion in investment by Amazon and the creation of 25,000 to 40,000 new jobs.