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Tech Office Leasing Slows in New York

Sector Has Accounted for Only 16.5% of New Deals Signed This Year, Study Finds
The tech industry's share of new office leases in New York has fallen to 16.5% from 29.9% in all of 2020, according to a study. (Getty Images)
The tech industry's share of new office leases in New York has fallen to 16.5% from 29.9% in all of 2020, according to a study. (Getty Images)
CoStar News
October 12, 2022 | 7:25 P.M.

As recession fears are said to have led tech giants including Amazon and Facebook parent Meta to pause on their expansion plans, the industry’s leasing activity in New York has also slowed.

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