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New York Startups Raising Record Amounts of Venture Capital Could Boost Battered Property Market

First-Quarter Funding Was Already More Than Half of 2020 Total
The expansion of big tech firms on Manhattan’s west side has been described as a lure for startups. (Getty Images)
The expansion of big tech firms on Manhattan’s west side has been described as a lure for startups. (Getty Images)
CoStar News
May 18, 2021 | 8:24 P.M.

New York’s expanding breeding ground for startups of all kinds may provide a lift for the battered commercial real estate market, with all-time-high office vacancy hitting as venture capital funding reaches records.

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