Brick and Mortar

Brick and Mortar

Tech Sector Continues to Buoy Commercial Real Estate

ZocDoc's family is getting too big for the nest.

On a trip to the ZocDoc office in Soho last week, Betabeat noticed a plastic hard hat sitting on the edge of co-founder Cyrus Massoumi’s cubicle. It was leftover from the company’s recent expansion, he explained, which necessitated knocking out a wall so ZocDoc could just about double its square footage. After suffering through construction during the work week, employees came in on a weekend and bashed the wall in.

Then Mr. Massoumi walked us to another end of the floor, where a vast open, unfinished hall stood waiting for the next time ZocDoc calls up their landlord and asks for more space, “which could be tomorrow,” he joked. Read More