Office Space

VCs, Start-Ups Not-So-Desperately Seeking Office Space

milton1

Numbers for the last quarter from the NVCA and PricewaterhouseCoopers showing an uptick of venture capital into the New York metro area aren’t just a boon for the start-ups who can finally afford that kegerator. A reported $624 million in Q2 funding–a $154 million increase from last year–also brings good tidings for the real estate sector, although, like all things start-ups these days, the potential tenants are thinking lean, reports GlobeSt.com.

“We probably won’t see a massive flood gate of VC firms flocking to New York but I do think there will be probably several more firms looking for office space there,” Emily Mendell, a spokesperson for the NVCA told the site, warning that it would likely just mean offices to house a few limited partners. But tech companies themselves are stretching their wings. Read More