NEW YORK CITY-It's not uncommon for New Yorkers to find creative approaches to nabbing affordable space that will allow them to stay in the city. That's a years-old practice in residential real estate, but the same holds true for commercial real estate, particularly when it comes to cash-strapped companies.
Technology start-ups—which are streaming into New York City at a rapid clip—fit this bill. Because their access to capital is limited and their headcount needs are in flux, technology firms just opening for business are snapping up sub-leases, according to a new report from Studley, the tenant representation firm.
“They need flexibility because their headcounts are volatile,” says Heidi Learner, chief economist and the report's author.
Recommended For You
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Rayna Katz
Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.
