FiDi set to oust Flatiron as tech tenants’ fave locale

TRD New York /
Jan.January 08, 2014 01:50 PM

As tech firms and startups drive New York City commercial office demand in 2014, the Financial District is poised to overtake the Flatiron as the hottest spot for firms to set up shop, while many will also trickle over the East River into Brooklyn.

The World Trade Center site, buoyed by a new transit hub at the Fulton Transit Center and home to several multi-million-square-foot office towers, will draw the eyes of companies looking to relocate from pricier commercial hubs in Midtown and Midtown South, experts told DNAinfo. Custom computing firms, which grew by 5.6 percent in the city from June 2012 to June 2013, will flood the area along with consulting, advertising and PR firms, whose ranks swelled by 7 percent last year, according to Bureau of Labor Statistics data cited by DNAinfo.

Growing tech and creative companies will also cast their eyes across the river to Dumbo, where a number are already firmly rooted, as well as Gowanus, Williamsburg, Bushwick and Crown Heights, Dave Maundrell, president of aptsandlofts.com, told DNAinfo.

“There’s more office space planned for Brooklyn than you could imagine,” he told DNAinfo, noting that office rents in Williamsburg currently go for around $50 per square foot.” aptsandlofts.com is marketing, for instance, a 400,000-square-foot spec office building planned for 19 Kent Avenue that will be the borough’s first such property constructed since before World War II.

Creative offices will also spawn building demands such as roof terraces, bike storage, gallery spaces and juice bars, insiders told DNAinfo.

“Cold-pressed juice is looking hot right now, and I think it’s going to continue because a lot of people are looking for healthier options and it [is food that] can be done quick,” Joseph Robinson of Bond New York told DNAinfo. “The days of all the burgers and pizzas are getting pushed aside.” [DNAinfo]Julie Strickland


Related Articles

arrow_forward_ios
Regus CEO Mark Dixon and Regus at 747 Third Avenue (Google Maps; Regus)

IWG looking to close 20% of flex-office NYC portfolio

IWG looking to close 20% of flex-office NYC portfolio
Following pressure from business leaders, Mayor Bill de Blasio calls for the return to the office (Getty)

De Blasio calls for return to the office, restores trash pickups

De Blasio calls for return to the office, restores trash pickups
Jonathan Litt of Land & Buildings (Getty Images/iStock)

Armed with a modest checkbook but a big pulpit, Jonathan Litt is going after Big Office. Can he prevail?

Armed with a modest checkbook but a big pulpit, Jonathan Litt is going after Big Office. Can he prevail?
Blackstone's Jonathan Gray and a rendering of 350 Park (Vornado, Blackstone)

Blackstone eyes new 1M sf NYC headquarters

Blackstone eyes new 1M sf NYC headquarters
Totally accurate predictions for the long-term impacts of coronavirus on real estate: office-to-mall conversions, wide elevators and more (Credit: iStock)

Small Talk: Wildly Accurate Predictions for the Long Term Impacts of Coronavirus on Real Estate

Small Talk: Wildly Accurate Predictions for the Long Term Impacts of Coronavirus on Real Estate
The coronavirus could spark the conversion of New York’s office buildings into residential buildings

Could NY’s work from home moment fuel office-to-residential conversions?

Could NY’s work from home moment fuel office-to-residential conversions?
From left: 333 Johnson Avenue, 250 Livingston Street and 12 MetroTech Center (Credit: Google Maps)

City agencies dominated Brooklyn’s biggest office leases of 2019

City agencies dominated Brooklyn’s biggest office leases of 2019
Savannah's Christopher Schlank with One Court Square and Tishman Speyer's Rob Speyer with the JACX at 28-10 Queens Plaza South (Credit: Getty Images, One Court Square and CityRealty)

LIC dominated Queens office leases in 2019

LIC dominated Queens office leases in 2019
arrow_forward_ios

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

Loading...