NYC's Tech Sector Expected to Spark Commercial Leasing Boom; Tech Hotspots Likely to Get Hotter

New York City’s commercial property executives suggest that the tech sector will spark a boom in commercial real estate – a vast majority (91%) said the tech sector will drive at least moderate commercial leasing growth over the next three years. Over a third (36%) said the growth will be “major.”  And tech companies will flock to neighborhoods already known for tech – Long Island City will be the next neighborhood to benefit, said 23%, with the Brooklyn Navy Yard and Midtown/Chelsea/Flatiron close behind (16% each).  Read these and other results from our Summer 2014 Gotham Commercial Real Estate Monitor.

NYLJ 2014 Logo

For the fifth year in a row, Marks Paneth LLP has been ranked among the top three forensic accounting providers serving the New York metropolitan area in the New York Law Journal (NYLJ) Annual Reader Rankings Survey.  We are the only major regional firm to be voted among the top three firms in this category in all five years of the survey.

Marks Paneth Press Release

2014 NYLJ Reader Rankings Flyer

 

Marks Paneth will be a sponsor of the 6th Annual NYC Real Estate Expo, which will be held at the Hilton Hotel on November 6. We will also be launching the next Gotham Commercial Real Estate Monitor survey at the expo. The survey, which will be loaded onto iPads, can be completed in 5 minutes or less. Look for our Marks Paneth team at the expo and ask to take the survey. Please click here for more information about the expo.