The prosperity of science and technology promotes the prosperity of office rental in Manhattan

category:Internet
 The prosperity of science and technology promotes the prosperity of office rental in Manhattan


Netease Technologies News, July 11, according to foreign media reports, real estate data show that the prosperity of Wall Street and the vigorous development of the technology industry, making the unemployment rate in Manhattan, New York, to a record low, to promote the regions office rental activity rate in the first six months of this year reached the best level in 25 years.

According to data from Cushman & Wakefield, a real estate service provider, new leased office space increased to 18.3 million square feet in the first half of 2019, the first time in the six months of the year since 1994 that the leased area exceeded 18 million square feet.

In the second quarter of this year, the new lease area increased 21.5% to 10 million square feet from the same period last year.

According to Zach Arons, co-founder and partner of venture capital firm MetaProp, start-ups continue to move into Garment District, technology companies seem to be increasing every week, and venture capital is pouring into Manhattan, raising the buzz of Flatiron and City. Rents for other parts of the city.

Technological companies already operating in Manhattan are also expanding, such as Facebook, which is negotiating to lease 1 million square feet or more in the western part of the city. (Tianmen Mountain)

Source: Responsible Editor of Netease Science and Technology Report: Wang Fengzhi_NT2541