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Office Leasing

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New York Tops SF for U.S. Tech Talent, Fueled by AI
business23 days ago

New York Tops SF for U.S. Tech Talent, Fueled by AI

CBRE's latest study finds New York now has more tech workers than the San Francisco Bay Area for the first time in 13 years, driven largely by AI roles that make up about a third of U.S. tech listings; NY leads overall tech talent, while SF remains the AI leader. AI jobs rose about 45% year over year, with leasing activity concentrated in Manhattan and other AI-heavy markets like SF, Boston and Seattle, and SF driving a large share of AI leasing in the first half of this year. In Canada, AI jobs cluster in Toronto, Montreal and Vancouver.

via CNBC|
#ai#business#new-york
New York's Office Boom Hits High Gear as Giants Lock in Long-Term Leases
business2 months ago

New York's Office Boom Hits High Gear as Giants Lock in Long-Term Leases

New York’s office market surged in the first half of the year as banks, law firms, cosmetics firm L’Oréal, and AI startups signed long-term leases, driving down vacancies and lifting rents. Major deals include Bank of America expanding to 2.4 million square feet and renewals by Simpson Thacher & Bartlett and Cleary Gottlieb, while Anthropic agreed to lease almost 500,000 square feet at 330 Hudson. Brooklyn’s Refinery at Domino has become a focal point for AI tenants. Mayor Mamdani touts the economy despite tax-policy tensions with the DSA, and analysts caution that two-to-three-decade commitments hinge on sustained talent and supportive policy.

via The City Reporter|
#artificial-intelligence#banking-and-finance#business