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.”

"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-
BECOME A CONTRIBUTOR TO THE JOURNALISM FUND TO COMMENT
Already a contributor? Sign in here
Connect with companies from the Technical.ly community
New call-to-action

Advertisement

On the Market: Open jobs in the Brooklyn tech world at LO3, uPort, LogCheck

Google, LO3, uPort and Artsy are all hiring right now in NYC

On the Market: Open jobs in BK tech at Upsolve, Nanotronics, Genspace and more

SPONSORED

Brooklyn

You can win up to $360,000 at the WeWork Creator Awards

Philadelphia

Vistar Media

Sr. Software Engineer

Apply Now

Philadelphia

Vistar Media

Front End Engineer

Apply Now

Philadelphia, PA - Center City

Odessa

Business Architect

Apply Now

On the Market: Open jobs in BK tech at Kitsplit, Numina, goTenna, more

Jobs in academia for bookish Brooklynites

You, on the blockchain: 2 Brooklyn startups are hiring for 118 positions

SPONSORED

Brooklyn

Explore how diverse teams build dynamic products with Dev Bootcamp

Offsite

Philadelphia Home

Social Media Catalyst

Apply Now

Baltimore, Brooklyn, D.C., Delaware, Philadelphia

Vistar Media

Software Engineer

Apply Now

Sign-up for daily news updates from Technical.ly Brooklyn

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