The Flatiron District of Manhattan, surrounded by historic areas such as Madison Avenue, Union Square and Greenwich Village; has seen a major boom as more and more technology companies, both big and small, set up operations in this Manhattan neighborhood.
Formerly known as the “Toy District” for it’s various toy shops, and then the “Photo District” due to the large number of photography studios, Flatiron is now seeing a shift torwards advertising, media, computer and technology-related companies. The growth has been rising rapidly after a downswing during the dot-com bubble of the early 2000s.
Recently, a 20-story office tower near the Union Square area sold for $140 million. The 14,000 square foot office and retail space will be available for lease in early 2014. But, that’s not the only area of Manhattan seeing a technology boom – Facebook is currently looking north to Times Square and considering a lease there.
Why are tech companies choosing Manhattan? Talented employees from Princeton, NYU, Rutgers, UConn, Columbia, NJIT, and so many other world class educational institutions with top-ranking computer science programs. Ease of access, with three massive airports and the US’ most extensive rapid transit system. All of it makes Manhattan a perfect place to do business.
Corporate Suites has had the privilege of working with several information technology companies in the area – ranging from temporary office space in Financial District, to virtual office mailing service and phone answering services, providing coders and programmers who work from home to maintain a professional business address and presence without the cost and commitment of a full time office. And we look forward to working with many more as Silcon Alley expands!