New York Digital Firms Moving On Up (Into New Space)

Digital businesses can’t get enough of Manhattan.  ClickZ does the rounds:

  • Database marketer Epsilon moved into a 50,000 square foot space in the Flatiron district.  Digital is driving the expansion, including the launch of a new search marketing practice.
  • Deep Focus ditched DUMBO for more space in SoHo/Greenwich Village.  CEO Ian Schafer grooves on the new hood and new neighbours. InDemand is in the building, and Comedy Central will be soon.
  • AKQA has grown from zero New York employees two years ago to 55. Last month it swapped 4,000 square feet on Spring Street for a temporary space on Varick, where employees await renovations on a new 12,000 square foot space in the same building.
  • Google continues to sign new leases.  Hearst is buying the commercial portion of The Sheffield, a residential tower south of Columbus Circle next to its current headquarters.
  • grabbed more space in its building on West 38th Street.
  • is moving into a 2,200 sq foot office in SoHo to house its 10 employees.
  • AlleyCorp, parent of ShopWiki, Music Nation, Panther Express, First Look, and this publication, is moving to a gorgeous new space in the environmentally friendly NRDC building on 20th Street.

With rents hitting $50-$60 a square foot, it’s a good thing venture capital money is flowing freely.  Perhaps incipient weakness in the Manhattan commercial real-estate will eventually ease the pain.

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