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Downtown Office Rent Rebate Extended To March 31, 2018 The Downtown Office Rent Rebate program known as the Lower Manhattan Commercial Revitalization Program has been extended to March 31, 2018. Participation in this municipal incentive program substantially reduces occupancy costs for qualified businesses. The Commercial Revitalization Program is designed to: (1) Motivate new Tenants to relocate to Lower Manhattan.Continue Reading
Lower Manhattan’s Commercial Revitalization Program Lower Manhattan’s Commercial Revitalization Program has been renewed and will apply to leases commencing between April 1, 2014 and March 31, 2016. Participation in this program substantially reduces occupancy costs for small businesses. The Commercial Revitalization Program (CRP) was developed to encourage: (1) Landlords to rehabilitate older buildings; and (2) NewContinue Reading
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