The tech industry is booming and New York City is receiving the benefits of the move of tech from its bastions in California to the East Coast. As New York City is desirable for both businesses and employees with its status as a premier metropolis and its extensive public transportation network, tech companies are finding it increasingly desirable for their operations. This article will discuss the ways in which the tech industry is rejuvenating the cities real estate.
Despite the high prices and demand for NYC apartments for rent, many of the units are outdated by modern city standards. This is partly because New York City is an old and storied city with a lengthy history and strict regulations regarding creating new buildings. The tech industry’s move into the city has rejuvenated many commercial spaces by adding in new and unique spaces that these entities are pressuring landlords to renovate. In the future, this will lead to more desirable or at least interesting architectural spaces for commercial buildings.
The meatpacking industry and the Chelsea piers area have been a crime center in years past but have now been revitalized by the tech industry moving in.
Beyond that, residential centers have also grown up with the tech industry and has become more desirable as a result. Finding apartments or space in these now hot areas have become difficult and it is important to work with an real estate agency such as Town Residential who can help to find affordable and unique properties to lease in these locations. Contact them and ask their experienced professionals to help you find the up and coming neighborhoods so you can live where the action is. Town Residential has many professionals on staff who grew up in NYC and are aware of the different areas, their unique characteristics, and what units are available.
If you are in the tech industry and are looking for a new and unique space of your own, contact Town Residential to see what spaces are available on the market. Town Residential is experienced in locating unique spaces on the market and helping to negotiate terms for these spaces that are beneficial to buyers. Town is experienced in the NYC market which is unique a different from other areas.