A very thought provoking article recently appeared in the Huffington Post that discussed the tech boom in New York. According to the article, high tech industries are the leading cause for the rise in real estate value. The high tech companies’ request non-traditional office plans that dramatically affect pricing. Certainly, the property owners are eager to please the new tenants and agree to the changes. At one time, NYC apartments for rent was packed with industrial buildings that manufactured all sorts of products. Today, new high technology companies are invading the neighborhoods and making quite a few changes to the look and feel of the old neighborhoods too.
Of course, all those new high technology employees and employers require a place to live. The surprising fact is that the new tech executives have opted for less expensive properties that are in the surrounding areas. The properties near the work sites are in high demand. Therefore, they are very expensive. The tech executives are looking for quality and quantity at a reasonable price. They’ve reclaimed the properties in lower demand areas that were just sitting on the real estate market. This has led to a change in neighborhood demographics. Now, the areas are filled with very educated young people that are changing the culture and attracting more upscale businesses to the areas.
New York City is a hub for new technology companies. Town Residential will help the new residents discover just the right property to fit their NYC apartments for rent needs. They will introduce their clients to the neighborhoods. Thus, helping the client locate the best neighborhoods and make the best choices for their personal situation. Town Residential is the number one luxury real estate firm in New York City. The name of the executives managing the operation are Andrew Heiberger and co-chair Joseph Sitt. They founded the company back in 2007.
Town Residential specializes in providing some of the most luxurious apartments in the city to their clients. The Town Residential staff provides the best quality service to their clients. They work closely with every client to make sure that they find the perfect property. Every agent is very familiar with the New York City landscape and the surrounding communities. They will find a property that matches any budget. The fact is that Town Residential staff is recognized as one of the best in the city. Contact them for more information on their services. Read more about tech expansion In New York Real Estate.