ONE million square feet of office space is up for lease in the Citi Building in Court Square as Citigroup consolidates according to the New York Post. That’s a lot I think. In addition, YIMBY revealed that a 24-story spec1 office building containing 400k sq. ft. is coming to Queens Plaza South. Ahh, 24 stories, that’s a lot easier to comprehend spacially – but I’m glad they also supplied a picture. As for the Citi building, a million square feet is roughly 2/3 of the tower. Yeah, a lot.
In order to attract commercial tenant(s), the owner of the Citi building plans on transforming the 5-story retail “atrium” to Continue reading
- as in speculative, as in being built on spec that they can fill it, as in they have no tenants currently lined up, as in it’s a total crapshoot, as in it must be getting built using OPM [↩]