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]