NEW YORK CITY-Tech companies hungry for large blocks of office space are piling into Midtown, shifting away from the Flatiron District’s favored tech hub in Midtown South because of a space crunch, according to a new office study from Savills.
“Tenants want to be in high-quality space, there is still a war for large blocks of space,” Sarah Dreyer, vice president, head of Americas research at Savills, tells GlobeSt. “A lot of these tech companies are drawn to the city by tech giants like Google and Facebook.”
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