New York Chart of the Week: August 25, 2014
- The TAMI (tech, advertising, media, and information) sector has increasingly migrated to the Penn Plaza/Garment District—the sector’s office footprint in the submarket has grown to 21 percent from 14 percent in 2012.
- Though the TAMI sector occupies 46 percent of the neighboring Chelsea submarket, the sector’s Penn Plaza/Garment footprint is quickly closing in on Chelsea—5.97M s.f. in Penn Plaza/Garment compared to 8.13M s.f. in Chelsea.
- Recent TAMI relocations from Midtown South to Penn Plaza/Garment include Yodle and Deutsch Inc. at 330 West 4th Street and R/GA’s commitment to relocate within the submarket.
Source: JLL Research