Search
 
Analysis

Emerging Growth Firms Are Driving Manhattan’s Office Resurgence

Emerging TAMI firms remain a large portion of the post-pandemic marketplace.

By Lynn Pollack | October 14, 2021 at 09:03 AM

Emerging firms are driving positive absorption in the New York City office market as the pandemic wanes, with fast-growing firms in the TAMMI industry increasingly beefing up their footprints.

A new report from Newmark shows that demand from emerging TAMI tenants – defined as those who were established less than 10 years ago – has surged as of late, growing by 315 percentage points since the start of 2019. Newmark data suggests that firms like Alloy Freshly, and DailyPay have all grown by more than 1000% from their past locations, while Remarkable Foods, FUBO TV, Affirm and Square have expanded by more than 300%.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

Nominate a Net Lease Expert

Nominate a Net Lease Expert

Ingrid Tunberg |

Do you know a professional and/or company that has helped shape the net lease sector? Submit a candidate for GlobeSt.'s Influencers in Net Lease recognition before May 29!

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.