CALCULATE HOW MUCH YOU CAN SAVE
EXAMPLE: a Manhattan-based company relocates its office with 250 full-time employees from Manhattan to Williamsburg. The asking price for the 30,000 RSF office is $75PRSF, which is $2,250,000 in rent a year. After submitting an annual NYC tax filing, the company receives a check from the city for $750,000 ($3,000x 250), thus reducing the rent from $75PRSF to $50PRSF and the annual rent total from $2,250,000 to $1,500,000. Assuming the company is in the space for five years, the total savings is up to $3,750,000.
Having an office at The Refinery qualifies companies for numerous financial benefits and incentives, allowing businesses to save millions of dollars. Our experienced and dedicated team is involved throughout the process and has helped hundreds of businesses apply and get approved for the various programs.