The city itself, through the New York City Economic Development Corporation, the city’s nonprofit investing arm, is in progress on the Union Square Tech Training Center, a 21-story, 240,000-square-foot building that will serve as a tech incubator and educational center. Even in Long Island City, the scene of Amazon’s quashed HQ2 project, the e-commerce giant is, as of last week, planning to open a 20,000-square-foot delivery station at 38-50 21st Street. (The building sold for more than $800 million a year later in December 2020.) Additionally, Amazon pre-leased the entirety of Thor Equities’ under-construction industrial facility at 280 Richards Street in Red Hook, comprising 312,100 square feet. Recent activity from the e-commerce giant itself suggests tech companies haven’t been deterred.Īmazon purchased the former Lord & Taylor building for close to $1 billion in March 2020 and started leasing 335,408 square feet of space in December 2019 at 410 10th Avenue. Government support of New York City’s accelerating status as a tech hub remains crucial to growing its reputation as friendly toward technology firms, especially after the massive loss of Amazon’s HQ2 expansion into the outer boroughs. In press statements to New York media outlets through the years, spokespeople for these firms have repeatedly pointed to the city’s resilience, diversity and talent base. In fact, this vibrance is exactly why top technology firms like Facebook, Amazon and Google are doubling and tripling their office footprints in New York City. About 85% of New York City companies plan to increase their hiring for technology roles-and 87% said they were confident they could find tech talent locally. Murray P.Advisory firm Accenture recently surveyed C-Suite executives from 400 companies that earn more than $1 billion in revenue, with upbeat findings. I can’t recommend a better office leasing situation for anyone needing a NYC presence. The rates are as reasonable and flexible as one could possibly ask for and our written agreement was simple but sufficient for both our needs. And when I am not at the location, his responsiveness by phone or email is excellent. With the accessibility of the owner/manager on the premises, any issues that I have are dealt with immediately.
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