The much-hyped ascendance of the technology sector in New York City, and especially in Midtown South, has officially arrived, as the New York Post reported. Top-shelf companies such as Facebook, Amazon and IBM are shopping for space in Chelsea, the Meatpacking District and the Flatiron area, the paper said.
Since Google’s purchase of 111 Eighth Avenue and subsequent expansions into additional spaces in the area, a generous section of Manhattan near the mammoth building has seen renewed interest from tech.
The firms are reportedly looking for between 40,000 and 120,000 square feet — and that much space can be hard to find in the tightest office leasing market in the country.
James Wenk, senior vice president at Jones Lang LaSalle, who leases to technology tenants in the area, told the Post that both Facebook and Amazon are “perpetually” in the market for more space. [Post]