A fixture in the Harlem, N.Y. community for nearly 10 years, former President Bill Clinton is moving most of the operations of his nonprofit William J. Clinton Foundation to lower Manhattan to take advantage of more space and lower rent.

According to The New York Times, the foundation will move a majority of its offices from their current location in Harlem to the financial district in Manhattan. Clinton’s office, however, will remain on the top floor of the old building on Harlem’s West 125th Street.

The new property will boast 25,227 square feet of space, while his former building totaled 18,000 square feet. While specific information on the new building’s costs has not been released, it will be cheaper than the $40 per square foot rent the organization paid in Harlem.

It remains unclear how Clinton will divide his time between the two offices. He extended the Harlem property’s lease another 10 years in November, according to the Associated Press. At that time, executives at the foundation told The Wall Street Journal that Clinton was always fascinated by the neighborhood.

Harlem locals told the Times that despite Clinton’s move, he will always remain in the neighborhood’s heart.

“We love him dearly,” Keith L.T. Wright, a Harlem resident told the Times. “The community will always love him. We would catch a glimpse of him from time to time, and that added a special flavor to the neighborhood. We wish him well.”

Founded in 2001, the Clinton Foundation was established after the former president left the White House. According to its Web site, the organization’s mission is to alleviate poverty, improve global health, strengthen economies and protect the environment by fostering partnerships among governments, businesses, nongovernmental organizations and private citizens.