The Real Deal New York

Fast-expanding tech companies running out of room

IT businesses often set up in old industrial buildings, which have low certificates of occupancy

September 15, 2014 10:00AM

Tech companies in New York are outgrowing their offices

Tech companies in New York are outgrowing their offices

New York City’s tech firms are bumping into a new problem: a lack of open office space.

Many of these companies rent offices in the city’s old industrial buildings, where employees sit at long tables in large open spaces. But, as many of the fast-growing companies are finding out, there’s a legal limit to how many people can fit in such a space, Crain’s reported.

Architects are being asked to design spaces that can hold the absolute maximum amount of people allowed inside, while landlords are trying to update the buildings’ certificates of occupancy.

The number of people the certificates of occupancy allow in specific buildings often depends on how many stairwells are located in the building, and how wide those stairwells are. [Crain’s] — Claire Moses

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