Comparing the occupants of Downtown Manhattan from ten years ago with today shows a drastic shift in the types of companies choosing to plant a flag in the Financial District.
More specifically, when comparing the occupants of the World Trade Center's original Twin Towers with the ones in todays 1WTC, there is a clear emergence of tech and media information companies.
Analysts and industry executives say this is partly because traditional financial services and law firms — still bruised from the 2008 financial crisis — are no longer the main source of demand for new commercial properties across downtown Manhattan.
Instead, they have been replaced by technology start-ups and media companies, a trend that extends to London, where demand from those fast-growing industries has likewise transformed the property landscape.
Check out the full article on the Financial Times for an in-depth look at Downtown's changing property landscape.
via Financial Times
Matt Coneybeare
Editor in Chief
Matt enjoys exploring the City's with his partner and son. He is an avid marathon runner, and spends most of his time eating, running, and working on cool stuff.
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