Downtown NYC Landlords Remake Offices in Shift From Banks
July 31, 2013


When 10gen Inc., maker of MongoDB data-management software, sought to expand out of its Soho offices last year, “downtown wasn’t exactly right for us,” said Eliot Horowitz, co-founder and chief technology officer. “We wanted some place that was pretty wide-open and feeling kind of lofty. We sort of wanted a Soho feel, but with a lot more flexibility and a lot more space than you can actually get in Soho.”

10Gen wound up taking about 32,000 square feet at the Times Building, he said. This month, it expanded its commitment to almost 50,000 square feet.

Greg Taubin, a broker at Studley who represented 10gen, said certain technology tenants will be tempted by landlords’ efforts, while others “won’t go below 14th Street, period.”

“It’s very tenant-specific,” he said. “But as midtown south continues to be tight for these types of tenants, certain buildings downtown will be the beneficiaries of this.”


Downtown NYC Landlords Remake Offices in Shift From Banks




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