July uptick in tech sector leasing activity

0 CommentsBy

JLL NYC Research: August Tech Monthly

High-tech_blogJLL’s Tech Monthly looks at activity in New York’s tech sector, including employment growth, leasing activity, venture capital funding and companies hiring.

Highlights of our August report include:

  • Tech sector employment in New York City increased by 5.2 percent year-over-year in June, again the largest industry growth among all major sectors.
  • Tech tenants committed to 350,910 square feet of recorded transactions in July—an uptick from leasing in June.
  • Midtown again captured the most tech transactions, as Midtown South’s limited vacancy and record rents drove some tenants to consider other options.

Check out the full report which also includes notable tech leasing activity, and tenants currently in the market.