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Google made Meatpacking an office destination. But the neighborhood can’t keep up with the giant’s rabid demand

Google made Meatpacking an office destination. But the neighborhood can’t keep up with the giant’s rabid demand

Since Google first entered the Meatpacking District in 2005 with its lease at 111 Eighth Avenue and its latest deal to buy the Chelsea Market building next door for $2.4 billion, the neighborhood’s growing boutique office market has exploded. Developers looking to cash in on the “Google effect” have built and are working on a number of boutique office projects in the supply-constrained submarket, chasing asking rents that have climbed as high as $200 per […]


Source: realdeal

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