Tech venture capital funding surges in August

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JLL NYC Research: September 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.

Key takeaways from our September report include:

  • Employment in New York City’s technology sector increased by 3.8 percent year-over-year through August, though the rate of growth has dipped slightly.
  • Tech venture capital funding surged, totaling $627.1 million in raised capital (an increase of 42.8 percent from July).
  • Manhattan tech tenants committed to a reported 542,746 square feet in August, more than doubling the square feet of July.

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