Tech sector accounted for 16.2% of Manhattan leasing activity in 2014

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JLL NYC Research: January Tech Monthly

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

Key takeaways from our January update include:

  • The tech sector accounted for 16.2 percent of Manhattan leasing activity in 2014, an increase of 4.9 percentage points year-over-year
  • NYC start-ups raised more than $5.0 billion in funding during 2014—a record high since the dot-com boom of 2000
  • Tech employment continued on an upward trajectory in December, increasing by 6.4 percent year-over-year

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