Tech and the City

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

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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

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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