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Sunset Park: The Next Brooklyn Office Space Mecca?

May 2, 2016 | by Nell Lanman
Reviewed by real estate expert Michael Colacino

With each passing year, Brooklyn sprouts a new “it” neighborhood. It seems like ages ago when it was Williamsburg. Then it was Fort Greene. Prospect Heights. Bushwick. The list goes on.

For the business community, DUMBO, Downtown Brooklyn and the Brooklyn Navy Yard (aka the Brooklyn Tech Triangle) have recently attracted intense interest, thanks to numerous redevelopment efforts and a high-volume of both incubators and startups.

According to a new Cushman & Wakefield report, you can add Sunset Park to your list of neighborhoods to watch, naming it one of the 100 Coolest Neighborhoods.

What sets Sunset Park apart? The report cites the opening of Bush Terminal Park and the resurgence of Industry City as major factors. It also notes that millennials make up about 27 percent of the neighborhood, with a mean household income just north of $81,000.

A boom in commercial real estate appears to be underway, with both the Brooklyn Nets and Time, Inc., nestled in the aformentioned Industry City, moving operations to the neighborhood.

For more, check out the full report.

Time, Inc.'s new offices in Industrial City, located in Sunset Park, Brooklyn

Time, Inc.’s new offices in Industrial City, located in Sunset Park, Brooklyn

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