New York City’s tech sector will thrive in areas outside of Manhattan, according to the Spring 2015 Gotham Commercial Real Estate Monitor, a survey conducted by accounting firm Marks Paneth.
More than 100 New York commercial property owners, as well as brokers, agents, accountants and attorneys specialising in commercial real estate participated. The survey results indicate that most respondents saw Brooklyn and Queens as areas where technology growth was likely to occur.
The majority (54 per cent) gave these two neighbourhoods their vote as the hottest locations to watch. They also indicated they were confident this trend would continue and that technology leasing will grow faster in areas outside Manhattan.
The locations respondents believed were the most likely to see a growth in tech occupier demand were as follows;
The survey was conducted with self-administered questionnaires which were completed either online or on paper by the respondents. The list of survey respondents was compiled by Marks Paneth, LLP, research sponsor, and also by Michaels Opinion Research. The interviews were completed between February 25-March 31, 2015.
