Many of tech-linked companies found a foothold in New York as a mechanism for attracting talent and maintaining talent.
The Internet economy is rejuvenating New York City’s Midtown South, pushing up real estate prices, as tech companies look for alternatives to the Silicon Valley.
The Dutch, it is said, bought Manhattan Island in 1626 from its native American inhabitants for about $24 in trade goods. Half a millennium later, that sum wouldn’t buy a square foot of office space in New York City’s trendiest real estate market, the area below 34th Street known as Midtown South.
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