ANOTHER TECH BUBBLE?
April 18, 2012
By: Staff

The tech mecca of Midtown South is now so tight that Studley executive managing director Greg Taubin is seeing the highest taking rents in 20 years—$50 to the low $60s/SF. “It reminds me of the dot-com bubble again,” he says. ...

... There’s intense competition for space and not just larger spaces— tech tenants, as well as related creative industries, are vying for 5,000 to 10k SF, he says. ...

... Other tenants Greg has recently repped include Quirky, which took 28k SF at 606 W 28th St, and 10gen, which took 15k SF at 568 Broadway. He’s also currently advising Recyclebank on its expansion plans and tell us that more buildings geared toward tech/creative tenants are slated for the Meatpacking District. ....

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