Industry City

What Industry City does

Industry City is a 35-acre privately held innovation campus and neighborhood destination in Brooklyn, New York, owned and operated through the limited partnerships 1-10 Bush Terminal Owner LP and 19-20 Bush Terminal Owner LP. It leases physical workspace to more than 700 tenant companies across AI and tech, robotics and hard tech, creative and media, manufacturing, and retail. Its product portfolio spans Cowork IC (coworking for solo founders through teams of 30+), Pre-Built Offices (2,000–25,000 SF), Tailored Office Spaces (2,000–500,000 SF with in-house buildout), Retail Shops (starting at 500 SF), Workshops (500–2,000 SF suites), and Warehouses/Manufacturing (2,000–100,000+ SF with 3-phase power and 200 LB floor loads). Pricing is subscription-based on monthly billing for coworking and annual billing for larger leases, with terms starting at one year and mid-lease expansion rights.

The campus also monetizes a non-tenant amenity layer: over 50 restaurants, bars, breweries, distilleries, and grocery operators anchored by a 40,000 SF food hall, plus 5 acres of furnished, heated courtyards and a portfolio of event venues (IC Event Venues) — Five-two-A, The Landing, Box Factory, The Gallery, and Courtyards + The Bandshell — used for corporate conferences, concerts, trade shows, and brand activations. A branded tenant mobile application (the IC App) provides campus information, events, collaboration opportunities, and tenant-exclusive discounts.

Industry City's underlying technology and operational differentiators center on physical and connectivity infrastructure rather than software. The campus operates dark fiber cabling with access to more than 35 carriers, network operators, ISPs, and major cloud providers, marketed as enterprise-grade connectivity. Economic incentive programs marketed to tenants include REAP (up to $3,000/employee/year for 12 years), RACE ($5,000/employee/year for 10 years), a CRT exemption, ECSP savings, and 22.5% energy cost savings. Go-to-market is direct via industrycity.com, an on-site leasing team, and event-space bookings; marketing channels include Instagram, Facebook, LinkedIn, Google Maps, email newsletters, and on-campus event programming. Revenue is generated through lease subscriptions, event venue rentals, food-and-beverage operator economics, and ancillary tenant services, but specific revenue figures are not publicly disclosed.

Name

Industry City

Legal name

1-10 Bush Terminal Owner LP and 19-20 Bush Terminal Owner LP

Website

https://industrycity.com

Company type

Private

Founded year

1895

Operating status

Operating

Headcount range

1–10 employees

Short description

Industry City is a 35-acre privately held innovation campus in Brooklyn, NY that leases flexible workspace — coworking, offices, retail, workshops, and industrial space — to over 700 tenant companies across AI, tech, robotics, creative, manufacturing, and retail sectors, alongside food, retail, and event venue operations.

Ownership category

akta.pro rank

Product category

Commercial Real Estate / Flexible Workspace

NAICS

Corporate, Subsidiary, and Regional Managing Offices (551114)

SIC

Non-Operating Establishments (9995)

akta.pro primary industry

Workplace & Office Support Services (Reception/Mailroom/Porterage/Helpdesk) (IMAIAAAD)

akta.pro secondary industry

Hybrid Work Enablement & Desk/Room Booking Operations (BPABAFAH)

Keywords

• Flexible workspace leasing
• Commercial real estate campus
• Coworking spaces
• Industrial space rental
• Innovation campus

Headquarters

HQ city

Brooklyn

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Marketing or Sales, Technology or R&D

Pricing tiers

Distribution channels3 records

Marketing channels6 records

Core offering

Industry City operates a 35-acre innovation campus in Brooklyn, NY that leases flexible commercial workspace to over 700 tenant companies. Its offerings span coworking desks, pre-built offices, customizable large-format offices up to 500,000 SF, retail storefronts, creative workshops, industrial warehouses and manufacturing spaces, event venues, and a 40,000 SF food hall, supported by enterprise-grade dark fiber connectivity and shared amenities.

Product overview

Industry City is a 35-acre innovation campus and neighborhood destination in Brooklyn, New York, housing over 700 companies. The offering is a physical real estate platform rather than a unified software product. It provides a portfolio of commercial space solutions including Cowork IC (flexible coworking for individuals and small teams), Pre-built Offices (move-in ready spaces), Tailored Office Spaces (customizable large-format offices up to 500,000 SF), Retail Shops (storefronts for makers and wholesalers), Workshops (creative spaces for hands-on work), and Warehouses/Manufacturing (industrial spaces for distribution and fabrication). Additional offerings include Event Spaces (venues for conferences, concerts, and brand activations), a Food Hall with over 50 dining options, and the IC App (a tenant mobile application for accessing discounts and campus events).

Differentiator

Problem solved

Functional benefit

Brands

• Cowork IC: Coworking space offerings for freelancers, agencies, design firms, and service providers with options from solo founders to teams of 30+.
• IC Event Venues

Products and services

• Cowork IC Coworking spaces offering dedicated desks and private offices for solo founders, freelancers, agencies, design firms, and small teams, with shared amenities including conference rooms, pantries, bathrooms, lounges, and wireless internet.
• Pre-built Offices Move-in ready office spaces ranging from 2,000 to 25,000 square feet with built-in conference rooms, pantries, and private offices, available on annual leases with the ability to expand mid-lease. Suitable for traditional or creative businesses needing immediate space.
• Tailored Office Spaces Customizable blank-canvas office spaces ranging from 2,000 to 500,000 square feet, delivered by an in-house development and construction team for traditional offices, content studios, and life sciences labs.
• Retail Shops

Named customers4 records

Segments1 record

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Scale indicators6 records

Recent moves5 records

Expansion highlights4 records

Emerging players

• The Yard: NYC-based coworking and flexible-office operator with locations in Brooklyn, Manhattan, and beyond. Comparable in serving creative and SMB tenants with coworking and private office solutions, though smaller in scale than Industry City.

Others

• SoHo House: Global members club and hospitality brand combining workspace, dining, events, and community. Comparable as a curated, community-driven mixed-use destination model—though membership rather than lease-based.

Direct peers

• Convene: Hospitality-driven meeting, event, and flexible-office provider. Comparable in blending premium workspace with large-format event venues and amenitized tenant experience.
• Newlab: Innovation hub at the Brooklyn Navy Yard focused on advanced technology, robotics, and startups. Comparable as a curated innovation campus serving frontier-tech tenants with shared infrastructure and community programming.
• Brooklyn Navy Yard: A 300-acre industrial park and innovation campus in Brooklyn housing 400+ manufacturers, makers, and tech companies. Direct comparable as a Brooklyn innovation campus offering industrial, office, and maker space to a similar tenant mix.

Broad incumbents

• WeWork: Global flexible-office operator offering coworking and dedicated offices across major cities. Comparable in providing flexible workspace to entrepreneurs and small teams, though without Industry City's industrial scale or destination ecosystem.
• IWG (Regus): World's largest flexible-workspace operator under Regus, HQ, and Spaces brands. Comparable as a global flex-office provider, but focused on standardized office space rather than mixed-use innovation campuses.
• Jamestown: Real estate investment and management firm that was a key owner of Industry City. Comparable as a mixed-use and creative-office real estate operator with assets including Chelsea Market and similar destination properties.
• Industrious: Premium flexible-office provider offering coworking, private offices, and suite solutions. Comparable in serving enterprise and SMB tenants seeking flexible workspace, though lacks Industry City's industrial capacity and mixed-use campus model.

Regional players

• Pier 70 (Forest City Realty Trust / Brookfield): 30-acre mixed-use innovation and waterfront redevelopment in San Francisco. Comparable as a large-format adaptive-reuse industrial campus repurposed for tech, makers, and creative tenants—similar playbook in a different geography.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/industrycity
• Facebookfacebook.com/industrycitybk
• LinkedInlinkedin.com/company/industry-city
• Instagraminstagram.com/industrycity

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Industry City