The Real Deal New York

Where in NYC can you set up your startup?

Startups are moving into new nabes — and changing the office market along the way

October 22, 2015 09:16AM
By Mark Maurer

Dumbo Heights

Rendering of the Dumbo Heights complex, which is targeting tech tenants.

From the October issue: Not surprisingly, as the start-up invasion spreads, fledgling companies are branching out and diversifying into new neighborhoods.

According to brokers, younger start-ups tend to plant their flags in the Class B buildings sprinkled from the Flatiron District and Chelsea to Soho, where 20,000-square-foot floor plates are prevalent.

But as firms gain momentum, they often triple, or even quadruple, their footprints in Midtown and Downtown, where more 100,000-square-foot space is available. But the Hudson Yards neighborhood could gradually become a haven for later-stage tech companies, sources said. [more]