Tech and the City

Midtown South Rents Up 44 Percent as Tech Spurs Double Digit Growth Nationwide


Tech submarkets across the country have posted double-digit growth in rents over the past two years according to CBRE’s U.S. Tech-Twenty report, provided exclusively in New York to The Commercial Observer.

In that two-year time frame, Midtown South, New York’s tech hub known as Silicon Alley, has seen rents jump 44 percent, a clear indication of the Big Apple’s growing appeal to tech companies and start-ups. Read More

The Year in Review

2012: The Year Tech Invaded NYC Real Estate

year tech broke

This past February, 10Gen, developer of the computer system database MongoDB, was in search of new office space, specifically in tech- and media-rich Midtown South.

The company needed a large open layout for its workers, with an option for more space to allow the firm to grow—plus an option to terminate. Unfortunately, the ultra-tight market Read More

A New Start-Up Workspace in Williamsburg

New York techies Elizabeth Stark and Matt Langer are opening a workspace in Williamsburg for start-ups, freelancers and entrepreneurs in the former offices of Hot Potato, the Web start-up recently acquired by Facebook. It’ll be called the Makery. Desks are going for $300 per month, and according to Mr. Langer, who worked as Read More