News
ANOTHER TECH BUBBLE?
April 18, 2012
| The tech mecca of Midtown South is now so tight that Studley executive managing director Greg Taubin is seeing the highest taking rents in 20 years—$50 to the low $60s/SF. “It reminds me of the dot-com bubble again,” he says. (Did you gasp at that, because we're still trying to catch our breath.) Hear his thoughts and more atBisnow’s Silicon Alley/Real Estate Tech Summit May 1. Register! |
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| There’s intense competition for space and not just larger spaces— tech tenants, as well as related creative industries, are vying for 5,000 to 10k SF, he says. (Here's hoping it’s not a Hunger Gamesshowdown.) Whether it's a 50k SF tenant or 7,000 SF, tenants need to make an informed decision on real estate quickly. Other tenants Greg has recently repped include Quirky, which took 28k SF at 606 W 28th St, and 10gen, which took 15k SF at 568 Broadway. He’s also currently advising Recyclebank on its expansion plans and tell us that more buildings geared toward tech/creative tenants are slated for the Meatpacking District. Want to learn more about this hot industry? Sign up!. Great schmoozing, too! |
