New York & Tri-State + Outer + Industrial | March 12, 2021

Streaming Content Boosts Demand for NYC Film Studio Space

As demand for streaming video content has reached new highs, so has the need for high-quality film studio space, according to a new CBRE report. With 2.6 million square feet, New York City is one of the largest film markets in North America and nearly 60% of the production space is owned by the region’s five largest studios.

  “Brooklyn and Queens boast large soundstage facilities that have been purpose-built or are in large converted industrial facilities,” said CBRE’s Rocco Laginestra. “As these neighborhoods have become space-constrained, studios are looking for alternatives in the Bronx as well as New Jersey, Long Island, southern Connecticut and the Hudson Valley.”   

Early in 2021, Apple TV+ inked a 75,000-square-foot lease for production space at Kaufman Astoria Studios, along with an additional 15,000 square feet of office space. Wildflower Studios and Netflix are also building purpose-built studio complexes in Queens and Brooklyn, respectively.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).