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| Courtesy of: The Gothomist |
Already home to many Tech Start Up's and a couple of big companies like JetBlue, Rolex and lets not forget "founder" Citi Bank. Now Publicis, the huge international advertising agency seems to be coming to Long Island City.
As the economy struggles back to its feet, aiding to its recovery are many tax incentives that have been implemented by the city, state and federal government. Now, with that said big companies are more willing to take the plunge into a future endeavours and at the same rate provide jobs and economic growth.
Publicis Plan is to move into a 100,000 square foot space in same building that JetBlue currently rents 200,000 from. The whopping 700,000 square foot building is where MET Life Queens used to completely operate from. Still holding 10 years on their lease MET life in its cut backs has been able to free about 4 floors of space and make money on subleasing to companies like these. Met
The L.I.C. area is essential to businesses because it has mass transportation, a educated work force and housing all in its vicinity. Above all however, is the fact that L.I.C. is still much cheaper than any city rents priced at doller per square foot. Making more and more companies come across the river.
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