From Beta Beat:
“They don’t necessarily want to go there,” said Mr. Havens, who worked as director of leasing at Two Trees while they were building Dumbo into the tech hub that it is today.
But there’s nowhere else in Brooklyn to go. Dumbo only has 1.3 million square feet of office space, the size of some Manhattan skyscrapers, and it’s nearly full. Williamsburg is so hot that the minuscule amount of office space there is renting for $40-50 per square foot a year.
“The market is going to force it,” Mr. Havens said of Downtown Brooklyn’s tech turn. “In 2002, people didn’t want to go to Dumbo, either. But it’s going to happen, because it has to.”-30-