Most people are well acquainted with the fact that tech start-ups, and tech activity in general is now much higher than it used to be, and it has influenced landscapes of many cities in many parts of the world. So, tech hubs, like New York, are lately changing a lot in order to meet the inflow of many tech companies and their priorities. This news was originally reported on Huffington Post, and it is about how tech companies are changing the New York real estate landscape.
To begin with, with increased competition and high prices, many tech companies are drawing a lot of attention when it comes to commercial real estate market. This means that tech startups are making a lot of demand, and they now account for the best part of all bids in the neighborhoods such as Union Square, Chelsea and others. With all this, rent in these neighborhoods is much higher when compared to previous years.
Then, tech companies’ needs are unique, so they usually want brick walls that are exposed, and loft spaces. So, landowners tend to meet their needs, they are now polishing floors and giving more office spaces that would help many tech startups promote a better working atmosphere.
In order to see how this tech boom has changed the city’s landscape, one should see how Garment District looked many years ago. It was once bustling, but technology companies have changed it all. Then, there is the Flatiron District. It once was a cultural area, and now it represents a perfect place for tech startups.
In addition to this, Town Residential, as a part of NYC apartment for sale landscape, is also facing this issue. This real estate services company was founded in 2010 by Andrew Heiberger, and now the company specializes in marketing and property development.
The company’s team consists of experienced professionals who do their best to bring about the company’s success. When it comes with this new issue, the company is also trying to implement new plans and a different approach to sales marketing, taking into consideration the recent boom of tech startups.
So, these tech folks need a place to live, and while some can afford to live in popular neighborhoods, some of them to less developed areas. They are the ones who change the city’s landscape and bring a new development to the city, so the landscape must adapt to them.