{"id":1004096093,"date":"2014-05-07T12:55:50","date_gmt":"2014-05-07T20:55:50","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004096093"},"modified":"2022-12-07T23:24:28","modified_gmt":"2022-12-08T07:24:28","slug":"jll-examines-nyc-tech-market-for-march","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/jll-examines-nyc-tech-market-for-march\/","title":{"rendered":"JLL Examines NYC Tech Market for March"},"content":{"rendered":"

By Keith Loria, Contributing Editor<\/i><\/p>\n

\"Bill<\/a>

Bill Peters, JLL NY<\/p><\/div>\n

JLL has released its April Tech Monthly report for New York City and reveals that activity has more than doubled in the first quarter of 2014 compared to the same period in 2013 (approximately 1.2 million vs. 583,000 square feet leased).<\/p>\n

In fact, January tech leasing set the bar high for the year, generating 663,276 square feet of total activity due to a number of large leases signed that month\u2014three larger than 100,000 square feet. After this atypical January, leasing activity in February and March declined.<\/p>\n

\u201cTech leasing was still strong when compared to historical figures,\u201d Bill Peters, executive vice president with JLL\u2019s New York office, told Commercial Property Executive<\/i>. \u201cTech accounted for 12.6 percent of activity in March and 14.4 percent of all activity for the quarter, second only to financial services.\u201d<\/p>\n

Half of all tech deals in March were done in Midtown vs. Midtown South, which claimed 30 percent of tech deals for the month.<\/p>\n

The report shows that throughout Manhattan, March was the biggest month for venture capital funding so far this year, as funding was up 12 percent over this time in 2013 ($716 million vs. $627 million).<\/p>\n

According to Peters, the company receiving the most venture capital was CPXi, a digital media holding company, which received $30 million in funding. Exosome Diagnostics, a biotech company, received $27 million in series-B funding; followed by Payoneer, an e-commerce company, which received $25 million in series-C funding.<\/p>\n

\u201cThe biotechnology sector was the strongest this month, receiving more than $67 million in funding,\u201d he added. \u201cAlmost half of this funding, though, went to Exsome Diagnostics.\u201d<\/p>\n

The report shows that Manhattan tech employees average about $93,915 a year, almost 50 percent more than the average U.S. employee, but about 13 percent less than their counterparts in Silicon Valley.<\/p>\n

Looking ahead, as the tech ecosystem evolves and more take note of New York City as a tech hub, Peters said venture capital should continue to pour in, with tech employment expanding, hiring remaining vibrant, and the economy continuing to improve.<\/p>\n

\u201cNew York City is often dubbed as the next Silicon Valley.\u00a0Its tech sector is dynamic and robust. It remains the sector to watch,\u201d Peters concluded. \u201cWe expect a large number of tech leases to close in the coming months.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

JLL has released its April Tech Monthly report for New York City and reveals that activity has more than doubled in the first quarter of 2014 compared to the same period in 2013.<\/p>\n","protected":false},"author":451,"featured_media":1004096097,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[37301],"tags":[],"class_list":["post-1004096093","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"acf":[],"yoast_head":"\nJLL Examines NYC Tech Market for March - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/jll-examines-nyc-tech-market-for-march\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"JLL Examines NYC Tech Market for March\" \/>\n<meta property=\"og:description\" content=\"JLL has released its April Tech Monthly report for New York City and reveals that activity has more than doubled in the first quarter of 2014 compared to the same period in 2013.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/jll-examines-nyc-tech-market-for-march\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2014-05-07T20:55:50+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T07:24:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/05\/Bill-Peters1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"371\" \/>\n\t<meta property=\"og:image:height\" content=\"336\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Keith Loria\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/jll-examines-nyc-tech-market-for-march\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/jll-examines-nyc-tech-market-for-march\\\/\"},\"author\":{\"name\":\"Keith Loria\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/aaa29b723dad85f2444ae3cb0c4d735f\"},\"headline\":\"JLL Examines NYC Tech Market for March\",\"datePublished\":\"2014-05-07T20:55:50+00:00\",\"dateModified\":\"2022-12-08T07:24:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/jll-examines-nyc-tech-market-for-march\\\/\"},\"wordCount\":385,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/jll-examines-nyc-tech-market-for-march\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2014\\\/05\\\/Bill-Peters1.jpg\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/jll-examines-nyc-tech-market-for-march\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/jll-examines-nyc-tech-market-for-march\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/jll-examines-nyc-tech-market-for-march\\\/\",\"name\":\"JLL Examines NYC Tech Market for March - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/jll-examines-nyc-tech-market-for-march\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/jll-examines-nyc-tech-market-for-march\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2014\\\/05\\\/Bill-Peters1.jpg\",\"datePublished\":\"2014-05-07T20:55:50+00:00\",\"dateModified\":\"2022-12-08T07:24:28+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/aaa29b723dad85f2444ae3cb0c4d735f\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/jll-examines-nyc-tech-market-for-march\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/jll-examines-nyc-tech-market-for-march\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/jll-examines-nyc-tech-market-for-march\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2014\\\/05\\\/Bill-Peters1.jpg\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2014\\\/05\\\/Bill-Peters1.jpg\",\"width\":371,\"height\":336},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/jll-examines-nyc-tech-market-for-march\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"JLL Examines NYC Tech Market for March\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/aaa29b723dad85f2444ae3cb0c4d735f\",\"name\":\"Keith Loria\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/c971a04cf612cbf81bf5ac2e5ca5dfe85c32fa0d44d16ce044eee3b59755107d?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/c971a04cf612cbf81bf5ac2e5ca5dfe85c32fa0d44d16ce044eee3b59755107d?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/c971a04cf612cbf81bf5ac2e5ca5dfe85c32fa0d44d16ce044eee3b59755107d?s=96&d=mm&r=g\",\"caption\":\"Keith Loria\"},\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/author\\\/keith-loria\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"JLL Examines NYC Tech Market for March - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/jll-examines-nyc-tech-market-for-march\/","og_locale":"en_US","og_type":"article","og_title":"JLL Examines NYC Tech Market for March","og_description":"JLL has released its April Tech Monthly report for New York City and reveals that activity has more than doubled in the first quarter of 2014 compared to the same period in 2013.","og_url":"https:\/\/www.commercialsearch.com\/news\/jll-examines-nyc-tech-market-for-march\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2014-05-07T20:55:50+00:00","article_modified_time":"2022-12-08T07:24:28+00:00","og_image":[{"width":371,"height":336,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/05\/Bill-Peters1.jpg","type":"image\/jpeg"}],"author":"Keith Loria","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.commercialsearch.com\/news\/jll-examines-nyc-tech-market-for-march\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/jll-examines-nyc-tech-market-for-march\/"},"author":{"name":"Keith Loria","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/aaa29b723dad85f2444ae3cb0c4d735f"},"headline":"JLL Examines NYC Tech Market for March","datePublished":"2014-05-07T20:55:50+00:00","dateModified":"2022-12-08T07:24:28+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/jll-examines-nyc-tech-market-for-march\/"},"wordCount":385,"commentCount":0,"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/jll-examines-nyc-tech-market-for-march\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/05\/Bill-Peters1.jpg","inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.commercialsearch.com\/news\/jll-examines-nyc-tech-market-for-march\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/jll-examines-nyc-tech-market-for-march\/","url":"https:\/\/www.commercialsearch.com\/news\/jll-examines-nyc-tech-market-for-march\/","name":"JLL Examines NYC Tech Market for March - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/jll-examines-nyc-tech-market-for-march\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/jll-examines-nyc-tech-market-for-march\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/05\/Bill-Peters1.jpg","datePublished":"2014-05-07T20:55:50+00:00","dateModified":"2022-12-08T07:24:28+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/aaa29b723dad85f2444ae3cb0c4d735f"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/jll-examines-nyc-tech-market-for-march\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/jll-examines-nyc-tech-market-for-march\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/jll-examines-nyc-tech-market-for-march\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/05\/Bill-Peters1.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/05\/Bill-Peters1.jpg","width":371,"height":336},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/jll-examines-nyc-tech-market-for-march\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"JLL Examines NYC Tech Market for March"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/aaa29b723dad85f2444ae3cb0c4d735f","name":"Keith Loria","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/c971a04cf612cbf81bf5ac2e5ca5dfe85c32fa0d44d16ce044eee3b59755107d?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/c971a04cf612cbf81bf5ac2e5ca5dfe85c32fa0d44d16ce044eee3b59755107d?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/c971a04cf612cbf81bf5ac2e5ca5dfe85c32fa0d44d16ce044eee3b59755107d?s=96&d=mm&r=g","caption":"Keith Loria"},"url":"https:\/\/www.commercialsearch.com\/news\/author\/keith-loria\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/05\/Bill-Peters1.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004096093","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/451"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004096093"}],"version-history":[{"count":1,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004096093\/revisions"}],"predecessor-version":[{"id":1004621884,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004096093\/revisions\/1004621884"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004096097"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004096093"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004096093"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004096093"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}