Tech industry continues aligning along the F train

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
44 West 37th Street and Ray Yadidi of the Sioni Group (Google Maps, LeadCandy)
Yadidis sell Midtown South office building for $49M
Yadidis sell Midtown South office building for $49M
VTS CEO Nick Romito and Lane Technologies CEO Clinton Robinson 
VTS to buy office-app developer for $200M
VTS to buy office-app developer for $200M
Humming Homes, new home management platform, raises $5.6M in seed round
Humming Homes, new home management platform, raises $5.6M in seed round
Humming Homes, new home management platform, raises $5.6M in seed round
Clay Grubb (Glen Lennox, Getty)
Grubb Properties tests affordable housing model in NYC
Grubb Properties tests affordable housing model in NYC
You’ve built it. Now will they come? Inside construction tech’s struggle
You’ve built it. Now will they come? Inside construction tech’s struggle
You’ve built it. Now will they come? Inside construction tech’s struggle
Vacation home sales took a dip this summer
Vacation home sales took a dip this summer
Vacation home sales took a dip this summer
Rental finance platform Qira, latest to offer “pay later” service, raises $8M Series A
Rental finance platform Qira, latest to offer “pay later” service, raises $8M
Rental finance platform Qira, latest to offer “pay later” service, raises $8M
Startup wants to demystify real estate tax breaks
Startup wants to demystify real estate tax breaks
Startup wants to demystify real estate tax breaks
arrow_forward_ios

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

Loading...