New report says Brooklyn tech scene exploding - Technical.ly Brooklyn

Civic

Nov. 12, 2015 11:06 am

New report says Brooklyn tech scene exploding

A new report from a trio of borough business boosters highlights the key players in Brooklyn's growing tech scene.

"The demand for office space in the Brooklyn Tech Triangle is at an all-time high."

(Image courtesy of Brooklyn Tech Triangle)

The Brooklyn tech scene continues to grow, and grow fast, according to a new report that came out this week from a trio of BK biz boosters.

In just the last three years, the number of tech/innovation companies in the Brooklyn Tech Triangle (roughly the Navy Yard to Atlantic Terminal to Dumbo) has increased 22 percent, and the number of employees has increased 45 percent, according to the report. And it doesn’t stop outside of Dumbo, either.

“In response to a lack of available commercial space, we have already seen a ripple effect of the Tech Triangle to the north in Williamsburg and to the south in Sunset Park, as tech and design companies are drawn to these areas for their availability, affordability, and proximity to the Brooklyn Tech Triangle,” the Brooklyn Tech Triangle 2015 update states. (The Tech Triangle project is the work of the¬†Brooklyn Navy Yard Development Corporation, the Downtown Brooklyn Partnership and the DUMBO Improvement District.) “However, the core neighborhoods of Downtown Brooklyn, DUMBO, and the Brooklyn Navy Yard remain in highest demand.”

Read the full report

Indeed, Sunset Park, with the billion-dollar Industry City project, may eventually dwarf Dumbo as the tech capital of Brooklyn.

Williamsburg is growing, as well, with a new, massive, 40,000-square-foot WeWork being built out on Bedford Avenue.

Bushwick continues to attract tech companies, too, such as CartoDB and 3D-printing studio Voodoo.

And even Brownsville is in the running for some tech action, thanks to a project from rapper Lupe Fiasco and Waze exec Di-Ann Eisnor.

You know an economy is succeeding when among its main problems are that too many people want to locate there.

“The demand for office space in the Brooklyn Tech Triangle is at an all-time high,” the report states. “Almost all of the available office and manufacturing space is occupied resulting in a staggeringly low vacancy rate throughout the Tech Triangle. Whatever inventory becomes available is quickly absorbed by tenants looking to cluster with other innovation firms within the Tech Triangle. This trend has become even more apparent in recent years.”

Advertisement

-30-
LEAVE A COMMENT

Advertisement

Power Moves: Ron Resnick to Enterprise Ethereum Alliance, Eric Berry to Gitcoin, more

Brooklyn, NET/WORK 2018 is coming up and it’s got jobs

Who’s hiring: VariabL, Center for Court Innovation, BetaNYC, more

SPONSORED

Brooklyn

Explore how diverse teams build dynamic products with Dev Bootcamp

Philadelphia, PA - Old City

Workarea by WebLinc

Sales Account Executive – eCommerce Software

Apply Now
Philadelphia

University City District

Data Scientist

Apply Now
Brooklyn, NY

Propel

Senior Software Developer

Apply Now

11 new jobs at Common, Gimlet, JustFix, goTenna, Civil, SuperData, NYU and CUNY

Who’s hiring: Pensa, Webrecorder, Simplifi and more

Who’s hiring: Kickstarter, Stink Studios, The Outline

SPONSORED

Brooklyn

Learn from these Brooklyn founders in our Tomorrow Toolkit ebook

Sign-up for regular updates from Technical.ly

Do NOT follow this link or you will be banned from the site!