Where should you plant your start-up?
Many young ventures begin in lower-rent buildings and smaller spaces; The Real Deal calls out Chelsea and Soho as popular locations for the early days.
However, once they have their feet under them, many firms expand to three or even four times their initial size, and their space needs grow accordingly. For many, the next step is growth into a space in Midtown or Downtown, to the tune of 100,000-square-feet.
Now that Hudson Yards is on the scene, it “could gradually become a haven for later-stage tech companies,” according to The Real Deal. With the projected explosive growth of the neighborhood and the caliber of the incoming businesses, Hudson Yards could become the perfect location for tech start-ups who are ready to take the next big steps.