JLL NYC Research: March Tech Monthly
JLL’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.