Following the Leaders (
A message from Ben Blumenthal) -
From the outset of the post-pandemic conjecture, it's been key to focus less on what has been "said" and more on what has been "done" - namely with what many of the top tech companies have decided with respect to their office space.
Apple, Google, Facebook, Amazon, Microsoft, and many others have continued to make large-scale office commitments in New York City with an ever-increasing war for talent. Beyond the well-known household names of the public companies, NYC is also home to 80 Unicorns (private companies with a valuation of $1B+) with a cumulative value of $168B (see more here).
VC's also invested over $38B into NYC startups in the first 3 quarters of 2021, 154% greater than the prior record. These cash-infused companies are just one group in NYC's diverse economy that are hiring, investing in the city, and taking office space.
I wish you all much success and prosperity in the coming year.
Noah & Co.