Tech industry continues aligning along the F train

TRD New York /
Jul.July 30, 2012 06:00 PM

The F train might need to be renamed the T train — as in tech. Crain’s reported that the Subway line has not only become a convenient method of transportation between the city’s start-up hot spots, but also “a powerful drawing card.”

F train-accessible Midtown South — known to feel the “glow of Google” — has seen several tech companies take space not far from F stations in the past year. Examples include Yelp, which now has its New York headquarters at 104 Fifth Avenue between 15th and 16th streets and AOL’s hyperlocal news site Patch, which is located on Sixth Avenue between 21st and 22nd streets. Even Dumbo, which is located off the F line, had an office vacancy rate of below 2 percent this spring due to the neighborhood’s growing tech scene.

As previously reported, Cornell University President David Skorton predicted the Cornell-Technion campus on Roosevelt Island would create an “F train tech corridor” that he wants to see extended into Queens. To that end, a recent proposal emerged attempting to bring a tech incubator space to Long Island City for start-ups and entrepreneurs.

However, Crain’s said, despite relatively low office rents, tech companies are not yet in Queens, as it still lacks “the hip, cool factor,” according to John Reinertsen, a CBRE commercial broker. [Crain’s]


Related Articles

arrow_forward_ios
Osei Van Horne and (inset) Jamie Hodari 

Industrious taps banker Osei Van Horne to round out its board

Industrious taps banker Osei Van Horne to round out its board
Nearly 60% of condo units built in Long Island City, Queens, since 2018 remain unsold. (iStock)

“You’ve either made the wrong shoes, or you’ve made too many”: LIC faces a serious condo glut

“You’ve either made the wrong shoes, or you’ve made too many”: LIC faces a serious condo glut
Square Mile Capital’s Craig Solomon and Hackman Capital Partner's Michael Hackman with Silvercup Studios at 42-22 22nd Street in Long Island City (Hackman; AAK via Wikipedia Commons)

Hackman, Square Mile in talks to buy Silvercup Studios

Hackman, Square Mile in talks to buy Silvercup Studios
Paraag Sarva, Steve Lamberti and Joseph Strasburg (Linkedin, Getty)

Startup taps industry execs, mayors to pitch security-deposit alternative

Startup taps industry execs, mayors to pitch security-deposit alternative
48-49 35th Street in Long Island City and North River Company's Forrest Mas (Google Maps, North River Company)

Maquette doubles space at Matsil Building in Long Island City

Maquette doubles space at Matsil Building in Long Island City
Lane co-founders Clinton Robinson and Kofi Gyekye (iStock)

Proptech startup Lane raises $10M for office platform

Proptech startup Lane raises $10M for office platform
A rendering of the site at 44-02 Vernon Boulevard in Long Island City and Douglas Durst

Owners of LIC’s “Lake Vernon” notch win in tug-of-war with Durst

Owners of LIC’s “Lake Vernon” notch win in tug-of-war with Durst
Spruce co-founder and CEO Patrick Burns (iStock; Spruce)

Title insurance startup Spruce raises $29M in Series B

Title insurance startup Spruce raises $29M in Series B
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...