Tech Subleasing in NYC On the Rise
July 29, 2013

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...

Tech Subleasing in NYC On the Rise

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