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 ]
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The crucial role of physical bookshops to a healthy publishing industry was underlined this week... Continue reading at The Bookseller
[ The Bookseller | 2013-03-21 00:00:00 UTC ]
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Fairfax Media is rolling out a number of initiatives this year as part of its ‘Fairfax of the Future’ strategy which aims to streamline operations and support the publisher’s shift to multi-platform delivery. The compa ... Continue reading at Editor & Publisher
[ Editor & Publisher | 2013-03-20 00:00:00 UTC ]
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A number of big print publishers have ventured onto YouTube, with mixed success. So when Mental Floss, a tiny trivia magazine put out by Dennis Publishing, decided to extend its brand to online video, it hoped to beat the odds by partnering with John and Hank Green, whose YouTube shows, Crash... Continue reading at AdWeek
[ AdWeek | 2013-03-18 00:00:00 UTC ]
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Higher ebook sales, expansion into new markets, and leveraging the wild popularity of Fifty Shades of Grey were some of the ways the publishers that made this year’s list of PW’s fast-growing independent publishers prospered in 2012. Continue reading at Publishers Weekly
[ Publishers Weekly | 2013-03-01 00:00:00 UTC ]
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Science fiction and fantasy publisher Angry Robot, part of the Osprey Group, is the creation of one man and many minds working in tandem across the UK and the Atlantic. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2013-02-20 00:00:00 UTC ]
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Macmillan US has settled the consumer class action case over alleged ebook price-fixing, having... Continue reading at The Bookseller
[ The Bookseller | 2013-02-11 00:00:00 UTC ]
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It's rare in the West for graphic novels to win mainstream accolades and readership, but in Asia, it is the norm. In the US, isn't it time for that to change? Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2013-02-11 00:00:00 UTC ]
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It’s been a year and a half since Joseph-Beth Booksellers, headquartered in Cincinnati, emerged from Chapter 11 bankruptcy protection with a new owner, after founder Neil Van Uum was outbid in an auction by Robert Langley, his landlord at the Mall at Lexington Green in Lexington, Ky. Continue reading at Publishers Weekly
[ Publishers Weekly | 2013-02-01 00:00:00 UTC ]
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Brazil's is demanding that every school in the country house a library by 2020. To meet that goal, 128,020 libraries will have to be built—or 39 per day—if the goal it to be met. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2013-01-31 00:00:00 UTC ]
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City of York Council has been given £100,000 by the cabinet office to help it form a mutual... Continue reading at The Bookseller
[ The Bookseller | 2013-01-29 00:00:00 UTC ]
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The Pew report assures us that, even in the digital age, libraries continue to serve a variety of functions.Perhaps the most groundbreaking aspect of “Library Services in the Digital Age,” the report released today by the Pew Research Center’s Internet & American Life Project is how... Continue reading at Los Angeles Times
[ Los Angeles Times | 2013-01-22 00:00:00 UTC ]
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The number of children who have read an ebook has almost doubled since 2010 but children still... Continue reading at The Bookseller
[ The Bookseller | 2013-01-16 00:00:00 UTC ]
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New York Times critic Dwight Garner stopped at book-centered destinations throughout the Big Apple. 'I was smitten all over again,' Garner wrote after his excursion. Continue reading at The Christian Science Monitor
[ The Christian Science Monitor | 2012-12-18 00:00:00 UTC ]
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The organisers of new book award the Literature Prize announce it has found a sponsor and will hand out its first accolade in 2014. Continue reading at BBC News
[ BBC News | 2012-12-11 00:00:00 UTC ]
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The book publishing industry is dealing with two conflicting trends at the moment: the number of individual titles produced continues to rise while the number of print units sold continues to fall. Continue reading at Publishers Weekly
[ Publishers Weekly | 2012-10-29 00:00:00 UTC ]
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The digital transformation of publishing—kicked into high gear by devices like the iPad, the Kindle, and the Nook—is one of the top business stories of the turn of the millennium. Continue reading at Publishers Weekly
[ Publishers Weekly | 2012-10-26 00:00:00 UTC ]
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“Growing up, Cosmo was my lifeline to the world,” says Joanna Coles, the freshly installed editor-in-chief of the largest women’s magazine. “A world that I wanted to be in but couldn’t get to yet.” Piloting a global magazine, married to a notable author, throwing "dream" dinner parties, and... Continue reading at Fast Company
[ Fast Company | 2012-10-19 00:00:00 UTC ]
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A huge majority of respondents to the government’s consultation on the future of Public... Continue reading at The Bookseller
[ The Bookseller | 2012-10-18 00:00:00 UTC ]
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A report by NPR about the history of abuse at Florida’s Dozier School For Boys that referenced Roger Dean Kiser’s The White House Boys: An American Tragedy has given a spark to sales of the three-year-old title. Continue reading at Publishers Weekly
[ Publishers Weekly | 2012-10-18 00:00:00 UTC ]
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Publishers are facing a dystopian future in which they are bit-part players in the ecosystem... Continue reading at The Bookseller
[ The Bookseller | 2012-10-08 00:00:00 UTC ]
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