Tech leasing gained momentum in February

0 CommentsBy

JLL NYC Research: March 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 March update include:

  • Tech leasing gained momentum in February after soft activity in January (326,062 square feet compared with just 26,440 feet).
  • NYC tech start-ups raised $777.5 million in February, an increase in capital of 7.9 percent month-over-month and 232.3 percent year-over-year.
  • At 6.7 percent, yearly job growth in the tech sector was ahead of total private growth (2.9 percent) and total non-farm growth (2.6 percent).

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