100 Results for momentum
As tech grows in secondary markets, it plays a large part in their local economies. In some markets, tech companies are signing more leases than any other industry.
Successful startups are heading for new markets to escape high costs and competition in the Bay area. Where are they moving, and how are they attracting talent?
San Francisco’s southern submarkets owe their popularity to tech companies, which made up three quarters of all leases signed in 2015. In total, that’s 2.6 m.s.f.
When you think of the tech glitterati, New York and the Bay area probably come to mind. What about Boston? In 2015 it pulled in $963.1 bn in high-tech VC funding.
Funding dropped in the fourth quarter of 2015 - the second consecutive quarter to do so. Overall funding for the entire year, however, was up from 2014.
VCs continue to pour funding into New York City, but the maturing tech scene comes at a cost to some tenants. See the opportunities and challenges in The Big Apple.