Hunting for office space before the pandemic, executives at ad agency Wellcom Worldwide were dismayed to encounter asking rents of $90 per square foot a year in Manhattan, which wound up being a deal-breaker. The company landed in far-cheaper Dumbo instead.But now, with Manhattan prices still below pre-Covid levels at many addresses, the same executives recently calculated that breaking their Brooklyn lease at 175 Pearl St. and venturing across the East River made financial sense.“It’s a different world in Manhattan now,” said David Bridges, the global CEO of the company. Earlier this year Wellcom relocated to an older, unfussy site with limited bells and whistles and a blend-into-the-background feel: the Class B commercial building 16 Madison Square West. The rent at the property near Madison Square Park was not only about half what Bridges was seeing pre-Covid but even slightly lower than what his firm was paying in Dumbo. “A major correction has occurred,” he added.Wellcom is not alone. Legal industry-focused software startups, music talent agencies, coffee-machine vendors and other tenants that have been based in the outer boroughs for years are now noticing that Class B’s, differentiated from Class A properties because they’re not as new or as amenitized, are priced right, a major factor in their decision to move to Manhattan, according to brokers, landlords and company executives.Indeed, a small but steady stream of midsize firms is packing up and relocating to... Continue reading at 'Crains New York'
[ Crains New York | 2024-11-25 10:48:24 UTC ]
News tagged with:
#planning officials
#unfussy structures
#37th st
#39th st
#100% full
#$144 million
#real winners
#startup mode
#businesses scale
#major owner
#availability rate
#recent fans
#toured felt
#empty offices
#bounce back
#printing press
The managing director of Usborne Publishing reflects on the legacy of her father, the company’s founder, who died last year. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-02-23 05:00:00 UTC ]
More news stories like this | All news stories tagged with:
#publishing spotlight
Two years after a major restructuring of the press that included a commitment to diversifying its list, Torrey House in Salt Lake City has attained greater visibility on a national scale—as well as a spike in sales. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-02-22 05:00:00 UTC ]
More news stories like this | All news stories tagged with:
#major restructuring
Read an excerpt of Hope Ablaze by Sarah Mughal Rana, a YA novel about a Muslim girl who writes a protest poem that goes viral, changing her whole life. Continue reading at Book Riot
[ Book Riot | 2024-02-21 12:30:00 UTC ]
More news stories like this | All news stories tagged with:
#ya novel
Workers at the Barnes & Noble on West 82nd St. in Upper Manhattan are seeking representation with the Retail, Wholesale and Department Store Union in the third unionization effort launched at a B&N location in New York City this past year. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-02-20 05:00:00 UTC ]
More news stories like this | All news stories tagged with:
#barnes
#barnes noble
#union election
The first day of the ABA's annual conference tackled topics including the basics of bookselling, marketing and media strategies for booksellers in the digital age, and how publishers can make booksellers' lives easier. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-02-13 05:00:00 UTC ]
More news stories like this | All news stories tagged with:
#digital age
The “Aya” series explores the pains and pleasures of everyday life in a working-class neighborhood in West Africa. Continue reading at The New York Times
[ The New York Times | 2024-02-10 10:02:39 UTC ]
More news stories like this | All news stories tagged with:
#graphic novel
#west africa
#everyday life
Sales at the more than 200 Christian retailers who took part in the Parable Group's annual survey rose 8% over 2022. Gifts, adult books, and Bibles remained the most popular categories for the stores. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-02-07 05:00:00 UTC ]
More news stories like this | All news stories tagged with:
#popular categories
#adult books
#parable group
The biggest independent book distributor in the U.S. sees opportunities in 2024 both here and in the U.K., where it has finally stabilized the United International Distribution business it bought in 2021—and where a 2023 change in Amazon's sourcing requirements has left a hole CEO Joe Matthews... Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-02-07 05:00:00 UTC ]
More news stories like this | All news stories tagged with:
Following the pandemic, a community schism, and a burst water supply line, the nonprofit poetry library has undergone serious renovation and reorganization, staffing up and once again opening its doors to the public. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-01-30 00:00:00 UTC ]
More news stories like this | All news stories tagged with:
Now in its 25th year, Ingram’s digital printing group has deepened its ties with publishers and expanded its international footprint. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-12-15 05:00:00 UTC ]
More news stories like this | All news stories tagged with:
#international footprint
#25th year
A CBC News investigation has found at least 2,500 copyrighted books written by more than 1,200 Canadian and Québécois authors were shared online as part of a massive — and now defunct — dataset used to train artificial intelligence. Continue reading at CBC
[ CBC | 2023-12-07 09:00:49 UTC ]
More news stories like this | All news stories tagged with:
#books written
#train ai
#canadian authors
Centre for Literacy in Primary Education records a 26% increase since its first report in 2017, but stresses continuing inequities in representationThirty per cent of children’s books published last year featured racially minoritised characters, according to new research.The sixth report on... Continue reading at The Guardian
[ The Guardian | 2023-11-30 15:21:11 UTC ]
More news stories like this | All news stories tagged with:
#survey finds
The 37th iteration of the Guadalajara International Book Fair opens with IPA's Karine Pansa flagging world publishing's challenges. The post IPA’s Karine Pansa Opens Guadalajara: ‘A Union of Cultures to Build’ appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2023-11-26 16:46:54 UTC ]
More news stories like this | All news stories tagged with:
#post ipa
Writer and editor Zeke Caligiuri joins co-hosts Whitney Terrell and V.V. Ganeshananthan to discuss American Precariat: Parables of Exclusion, a new collection of essays on class he co-edited along with eleven other incarcerated writers. The volume’s contributors include Eula Biss, Kao Kalia... Continue reading at Literrary Hub
[ Literrary Hub | 2023-11-16 09:08:02 UTC ]
More news stories like this | All news stories tagged with:
#anthology
#kiese laymon
#incarcerated writers
PEN America intends to expand its presence in Florida amid growing book banning and other censorship efforts in the state, and has appointed ACLU veteran Katie Blankenship director of a new Florida office. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-11-14 05:00:00 UTC ]
More news stories like this | All news stories tagged with:
#censorship efforts
#pen america
What are some of the best indie publishing companies to follow to find your next excellent read? One reader investigates. Continue reading at Book Riot
[ Book Riot | 2023-11-09 11:33:00 UTC ]
More news stories like this | All news stories tagged with:
#indie publishing
The PRH sales veteran has been promoted to the newly created position of chief revenue officer, from president of sales and marketing, at Penguin Random House U.S. The division's Jeff Weber and Michael Rotondo also received promotions. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-11-09 05:00:00 UTC ]
More news stories like this | All news stories tagged with:
#penguin random house
Boston University said Tuesday that its initial inquiry into the antiracist research center run by best-selling author and academic Ibram X Continue reading at ABC News
[ ABC News | 2023-11-07 17:58:34 UTC ]
More news stories like this | All news stories tagged with:
#best-selling author
#boston university
New study finds less than half of adult Americans read a book for pleasure last year. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-11-03 04:00:00 UTC ]
More news stories like this | All news stories tagged with:
#study finds
Joy Buolamwini, author of "Unmasking AI: My Mission to Protect What Is Human in a World of Machines," joins the L.A. Times Book Club on Nov. 14. Continue reading at Los Angeles Times
[ Los Angeles Times | 2023-11-03 00:31:12 UTC ]
More news stories like this | All news stories tagged with:
#times book
#unmasking ai
#joy buolamwini
#build robots