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Tech leased 1.1 million square feet of New York office ***** e in Q3 so far, surpassing legal to become the market's second-largest leasing sector behind finance.
AI companies are driving roughly 60% of tech leasing this quarter, competing for ***** e as Manhattan office supply hits its lowest point since 2020.
Flatiron remains the top tech submarket, while Hudson Square, the Penn District and Downtown are emerging as alternatives for ***** e-constrained tenants.
New York's tech sector has overtaken legal to become the city's second-largest office sector, trailing only finance, according to a September JLL report cited by GlobeSt.com. Tech tenants have leased 1.1 million square feet across the metro so far in the third quarter, a pace JLL Managing Director Joe Sipala called one of the "busiest summers" for office leasing the brokerage has seen in some time.
#daily #square #sector
Tech leased 1.1 million square feet of New York office ***** e in Q3 so far, surpassing legal to become the market's second-largest leasing sector behind finance.
AI companies are driving roughly 60% of tech leasing this quarter, competing for ***** e as Manhattan office supply hits its lowest point since 2020.
Flatiron remains the top tech submarket, while Hudson Square, the Penn District and Downtown are emerging as alternatives for ***** e-constrained tenants.
New York's tech sector has overtaken legal to become the city's second-largest office sector, trailing only finance, according to a September JLL report cited by GlobeSt.com. Tech tenants have leased 1.1 million square feet across the metro so far in the third quarter, a pace JLL Managing Director Joe Sipala called one of the "busiest summers" for office leasing the brokerage has seen in some time.
#daily #square #sector
2 days ago
